Spanish banks obtained the highest profits in their history in 2023. The explanation for this fortune points to the way in which they have taken advantage of the rise in interest rates.

It has been made possible thanks to the generous remuneration of 4% of the reserves deposited by the banks private sector in central banks amounting to 3.7 trillion euros. A transfer from a public institution to private banks of magnitudes comparable to the spending of the European Union in 20 23 (169 billion euros)