Quarterly cost-to-income ratio of banking industry in Spain 2014-2023
The cost-to-income ratio of the Spanish banking industry fluctuated significantly between 2014 and 2023. In the third quarter of 2023, the cost-to-income ratio was 44.92 percent, which was lower than the values observed in 2021 and 2022. This indicates that the cost of running operations became lower, therefore the profitability of Spanish banking industry improved in the last couple of years.