Governor. UCLM. Credit cooperatives in the Spanish banking system
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Presentation by Governor José Luis Escrivá on credit cooperatives at the University of Castilla-La Mancha. With around 10% of loans and deposits, they account for a quarter of branches and a third of agricultural lending, have gained some 250 basis points of market share in a decade and have tripled their profits since 2021.
Key points
- Their lending to SMEs and the self-employed has grown while other banks cut back, with no deterioration in non-performing loans.
- They have more capital and ample liquidity and lose no capital even in the stress test adverse scenario.
- Their challenges, mainly linked to scale: digitalisation and AI, governance, cybersecurity and depopulation.
Who is affected
Credit cooperatives, rural savings banks, SMEs and the agricultural sector.
Plain-language version
The governor of the Bank of Spain spoke about credit cooperatives, such as rural savings banks: lenders owned by their members and common in villages and farming areas. They hold 10% of loans and deposits but a quarter of bank branches, and have tripled profits since 2021. Their challenge is size, especially for going digital.
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