Total assets of the banking industry in Spain 2014-2023, by quarter
Between the fourth quarter of 2014 and the third quarter of 2023, Spain's banking industry experienced consistent growth in its total assets. The total assets grew by nearly 1.7 percent annually during the period. Post the second quarter of 2021, the total assets saw a substantial surge, soaring from close to 3.9 trillion euros to nearly 4.3 trillion euros by the third quarter of 2022. After this period, there was a sharp decline in the total assets, dipping below 4.06 trillion euros in the last quarter of 2022. Eventually, in 2023, there was a recovery, with total assets rebounding to over 4.1 trillion euros in the third quarter.