Best bank: CaixaBank
Even its rivals in Spain admit to feeling the impact last year as CaixaBank moved on from integrating Bankia to concentrating more exclusively on developing its business organically. This is evident, for example, in the savings market, where its customer funds increased by 3.1% in 2023. In insurance, a vital part of the group’s activities, there was also healthy growth, with a 7% volume growth in general and life risk premiums.
There was further evidence to validate the premise of the merger with Bankia, which was that CaixaBank’s insurance and asset management expertise would help the firm realize synergies.
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