Shattering profit records has become the new normal for major Spanish banks. After a 2025 marked by an increase in commercial activity in an environment of falling interest rates, the new geopolitical and economic context has given the sector a new boost. With skyrocketing inflation and a European Central Bank (ECB) forced to implement a restrictive monetary policy to avoid a loss of control over prices, the new wave of interest rate hikes has catapulted the results of the main entities, which are forecasting a historic year.

The Spanish economy remains at the forefront of advanced countries in growth, with a forecast of 2.6% this year according to the Bank of Spain and 2.5% according to the International Monetary Fund (IMF). But inflation, they also warn, eats away at the purchasing power of wages that are not enough to buy or rent a house. The remuneration of employees has gained weight in the Spanish economy, but it is starting to lose it in favor of the profits of some business sectors. Workers perceive that with every euro they buy fewer and fewer things, or that they need more to acquire the same. There is a palpable reality, the rise in prices, which has stalled the contribution of wages to the total wealth this year, and a psychological element, according to the experts consulted, which makes many ask themselves: "Now that the economy is doing well, when is it my turn?"