The annualised return on equity of the Spanish banking sector reached 16.05% in the second quarter of 2026, down from 17.34% in the previous quarter. Delinquency fell to 2.53%, its lowest level.
The annualised return on equity (ROE) for the entire Spanish banking sector stood at 16.05% at the end of the second quarter of 2026, according to supervisory statistics from credit institutions published this Monday by the Bank of Spain. This figure is below the 17.34% of the first quarter, although it exceeds by 1.55 percentage points the 14.50% from the same period in 2025, as reported by pressdigital.es.
The supervisor explains that the comparison with the first quarter is affected by the accounting of extraordinary non-recurring results during that period. Excluding these effects, the return on equity for the group of entities was 14.78%.
Capital ratios remained virtually stable compared to the previous quarter and the same period last year. The common equity tier 1 ratio (CET1) stood at 14.11%, compared to 13.75% in the second quarter of 2025. The Tier 1 ratio was 15.68% and the total capital ratio was 18.30%.
By type of entity, the total capital ratio of significant entities was 17.97%, slightly below the 18.01% of the previous quarter. In less significant entities, this ratio moderated to 25%.
The aggregate leverage ratio decreased by 0.14 percentage points, to 5.60%. The decline was due to the growth of total exposures, which outpaced the increase in computable own funds.
The liquidity coverage ratio rose by 1.53 percentage points, to 171.07%, compared to 169.54% in the previous quarter. The increase in the liquidity buffer (1.17%) exceeded the rise in net liquidity outflows (0.26%). The regulatory requirement is 100%.
In terms of asset quality, the ratio of non-performing loans decreased to 2.53%, down from 2.61% in the previous quarter and 2.73% a year ago, a new low. The ratio of loans under special surveillance (phase 2) to total loans stood at 5.69%, compared to 5.83% previously. The cost of risk remained stable at 1.03%.
The loan-to-deposit ratio increased to 97.17% compared to the previous quarter and remains stable compared to the same period in 2025.
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