Banking Outlook. November 2018
Published on Tuesday, November 27, 2018 | Updated on Tuesday, December 4, 2018
Banking Outlook. November 2018
Summary
Net profit in the first half of 2018 was 6,654 million euros compared with losses of 6,170 million in the first semester of 2017, period in which the resolution of Popular had an impact. Defaulting within the system as well as the deleveraging of the private sector continues. The system’s efficiency and profitability improved in the first half of the year compared to 2017.
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BBVA Research
BBVA Research