Overview

• The six largest Spanish banks delivered a combined net profit of €17.086 billion in the first half of 2025, representing an 11.8% increase from a year earlier.
• Banco Santander achieved its best opening half with €6.833 billion in net profit and launched a €1.7 billion share buyback toward a €10 billion target.
• BBVA posted a €5.447 billion profit, up 9%, and committed to returning €36 billion to shareholders between 2025 and 2028.
• CaixaBank recorded a 10.3% profit rise to €2.951 billion driven by lending growth and higher fees, while Unicaja reported a 15% uplift to €338 million and approved a €169 million interim dividend.
• All six banks maintained capital ratios above ECB requirements and leveraged robust fee income and cost controls to navigate lower rates and phased banking tax treatments.