“The rankings that had been done so far on the banking sector revolve around a single variable such as size, number of assets or number of deposits, which lack an overview of the organization,” says SINC Fernando Garcia, author of the study and researcher at the UPV.
The study, published in the journal Mathematical and computer modeling, presents a method of “goal programming” that takes into account the efficiency savings, solvency and size from the 2007 annual accounts. “This method has been applied to cases under the current circumstances, and concentrations that will occur in the future,” says the researcher.
According to research, the new classification provides an overview of the box “more accurate”, and discloses the relative position of each of the financial institutions, as well as what his position on potential mergers.
Regardless of the chosen value, the savings banks that are always among the top of the 40 analyzed are BBK, Cajastur, La Caixa, and Caja Murcia. The same applies to the lowest in the ranking, which repeats the position of Caixa d’Estalvis de Sabadell, Caixa Girona, Caixa Penedes, Manlleu Caixa, Caixa Tarragona, Spain Fund, Cajasol, Caja Canarias and Cajasur.
The eternal intermediate
For his part, and IberCaja Caixanova, Caja Duero, Caja Segovia, Caja Cantabria and Caixa Caja Granada Ontiyent are always in the middle.
“For management purposes, these ratings help to know the relative position of companies within the sector and used to know how the list is improved from one year to another,” says the researcher.
On the other hand, the Spanish government has now modified the legal status of savings banks. First Deputy Prime Minister Maria Teresa Fernandez de la Vega, has said in the meeting of the Council of Ministers to change the legal status of savings banks will contribute to further strengthening our strong financial system and stability of our economy.
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