Rural banks and credit cooperatives resist the year of the pandemic better than large banks
The bank has suffered in its results the year of the pandemic due to the provisions it has had to make or the brake in some of its usual lines of activity due to the economic stoppage that caused the quarantine. Despite this, not the entire sector has felt the impact in the same way. In a context in which the sector is moving towards concentration, job cuts and office closures, it is the entities that are located in the smallest towns and in more depopulated regions that have obtained, however, the best economic data .
The Bank of Spain calls on the banks for a new "important effort" of provisions to face the crisis