The Bank of Spain registers its first year without profit and warns that it will last "some more year" The reasons lie fundamentally in the decisions taken by the European Central Bank (ECB), according to an article written by the governor. "The lack of profits will continue for some more years, but it does not in any way compromise the room for maneuver to fulfill our functions," adds Pablo Hernández de Cos.
The impact of the release of provisions has alleviated the large decrease in total income, which in 2023 stood at 624.17 million euros.