Quarterly ROE of the banking industry in Spain 2014-2023
Due to the impact of the COVID-19 pandemic on the banking system's profitability, the return on equity (ROE) of Spanish banks sank in 2020 and reached a negative ratio of 8.7 percent in the second quarter. The ROE of the banking industry increased sharply in 2021, and remained high in the following years. In the last quarter of 2023, the ROE stood at 12.7 percent.