MADRID (Reuters) – Spanish banks BBVA and Popular acknowledged on Friday, before reports of downsizing in both banks, which are prioritizing efficiency measures in a context low profitability for the banking market.
“efficiency is a top priority for BBVA. the only trimming process measurable employment that is in process for the purchase of Catalunya Caixa,” said a spokesman BBVA.
on Friday, news agency Bloomberg said BBVA is considering a cut of more than 2,000 people to reduce costs. The cutting plan for the integration of Catalunya Caixa totaled about 1,100 of the more than 137,000 employees of the group.
Popular also had to leave the passage of information from the newspaper Expansion pointing to a workforce reduction 3,000 people, about 20 percent of its workforce.
“Popular is in a process of operational analysis for the best achievement of the objectives which, once completed, will determine the specificity of the actions to be taken in different areas, “People said in a relevant fact after reports about cuts offices.
the newspaper Expansion quoted at 150 million euros savings provided by the bank to cut 3,000 jobs.
Other big banks have already undertaken Spanish greater or lesser extent personnel adjustments. Santander cut in April 1,660 jobs through early retirement and voluntary redundancies in 50 offices and headquarters Boadilla, according to the union UGT.
Despite the profound process of recent restructuring, Spain is the country with the highest number of bank branches per capita, according to data from Citigroup and the World Bank, with 70 branches per 100,000 adults by the end of 2014 (compared with 25 in the UK and 32 in the US).
in a context of low profitability for the environment zero rates and the growing market share of digital banking services, many analysts see job cuts effective to gain profitability in a highly banked country measure.
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