Here in Barcelona, I can usually see a few bank branches wherever I am in the city. It’s a similar story all over Spain.
You would think that internet banking didn’t exist, and that Spain was like Switzerland, with a massive amount of the world’s deposits / savings to manage.
As it is, Spain has a massive savings deficit, has had for many years, and you see far fewer bank branches in Switzerland.
It’s completely insane, and very expensive.
I bet Spain has one of the highest ratios of bank offices per capita in the world.
And guess whose’s paying the bill to keep these bloated branch networks open?
I was also very suprised to this when I arrived in Spain. They have really nice benefits also.