Abanca

The US ratings agency Fitch has raised the rating of Spanish bank Abanca for the second time in a year to BBB+ with a stable outlook. The agency highlights the improved structure of its assets [...]

Portugal’s bank EuroBic, formerly known as BIC, but had to change its name in 2017 because its was too like Banco BiG, will finally vanish from the market to be incorporated into Spain’s Abanca. [...]

Abanca posted record profits of €1.2Bn in 2024, up 69.2% like-for-like on 2023. Without Portuguese bank Eurobic, which Abanca acquired last summer, Abanca would have made net profits of €853.3 [...]