Spanish watchdog says concentration of banks not behind lower deposit returns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2025
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Source: Reuters
Antitrust Watchdog Findings: Spain's antitrust watchdog, CNMC, concluded that the low number of banks is not the main reason for lower deposit returns in Spain compared to other euro zone countries, citing moderate concentration levels in the banking sector.
Recommendations for Improvement: The CNMC identified issues such as high costs of switching banks and lack of financial education as factors affecting deposit returns, recommending that banks enhance product access, improve transparency, and reduce switching costs.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








