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Sector Analysis
Spain Retail Banking: Opportunities and Risks to 2023
Total loan balances outstanding in Spain declined from €742.5bn ($850.6bn) in 2014 to €697.3bn ($798.8bn) in 2018, a compound annual growth rate (CAGR) of -1.6%. Credit card balances outstanding was the fastest-growing credit segment during the review period, followed by personal loans and mortgage loans. However, the Spanish government has eased loan requirements and extended the repossession period for mortgage loans. This, coupled with favorable financing conditions and easier loan acquisitions being offered by banks, should constitute a CAGR of...