Banks decline from 2008 crisis till date

Since the 2008 crisis, the Spanish banking sector has experienced a profound Change That has closed more than half of its offices and laid off more than a third of its employees, while card usage has skyrocketed and cash withdrawals have declined sharply.

It follows from a crossing of official data compiled by bank of spain corresponding to the years 2007 and 2021, and which reflect significant changes in the national banking sector.

real estate crisis 2008 It was “a turning point”, as recalled in the latest annual report of the Spanish Banking Association (AEB), which spoke of a “massive transformation” that is still “far from being completed”.

event is common to all Federation europeanWhere the number of bank branches has decreased by 40% and the number of employees has dropped by a further 30%, in both cases the percentage is lower than in Spain.

Now the former president of the employers’ union AEB Jose Maria Roldan The unit’s last annual report emphasized that the sector is “practically unrecognizable” after these 15 years. digitization as one of the key factors to understand this transition.

office closed

Among the most significant changes since the 2008 crisis, the reduction of the network of bank officeAbout 26,400 with fewer branches: This has grown from over 45,000 establishments to about 19,000, representing a reduction of 58%.

There has also been a significant decrease in working staff By banking, a sector that employed more than 277,000 people at the end of 2007 and the end of 2020—the latest data available—employed 179,000, which equates to a shortfall of about 100,000 workers, 36% less.

cash

number of the cashier Those deployed across the country have also “lost weight”: from more than 60,000 units to about 47,600 currently, 21% less than the figure recorded before the real estate crisis.

Along these same lines, the evacuation operations of cash They have fallen by 35% during this period to about 652.8 million such annual movements.

Data is directly related to the vertical development of operations cardwhich has tripled since 2008, to add 6,100 million purchases