Skip to content
Subscriber Only

Spain’s Shrinking Bank Network Leaves CaixaBank Top-Heavy

CaixaBank SA is among lenders that look increasingly bloated as Spain’s economic slump adds pressure on banks to cut branches after the busted credit boom.

CaixaBank has 6,631 branches to serve its 13.2 million customers, or one branch per 1,991 clients. That compares with 3,093 clients for each of the 4,752 Spanish branches run by Banco Santander SA, the country’s biggest lender, and 3,215 customers at Banco Popular Espanol SA.