The Spanish financial group’s revenue exceeded 134 billion euros by the end of September, marking a 5.6% increase from the previous year, the bank stated in a release.
The non-problematic loans granted by the group reached 52.152 billion euros, a 6.3% rise from the end of September 2024.
Client resources amounted to 81.758 billion euros, up 5.2% compared to September of last year. Abanca closed the third quarter of 2025 with 88,000 new clients in Spain and 30,000 in Portugal compared to the end of the third quarter of 2024.
“Abanca’s portfolio distinctly reflects a retail profile: 94% of the deposits belong to families and businesses, with 70% having balances under 100,000 euros,” the bank stated in the same communiqué released today.
The group also emphasized the “dynamism of off-balance sheet resources” (investment funds, pensions, or wealth management) and insurance, with the former growing 20.1% to 18.945 billion euros. General and life risk insurance premiums increased by 14.6%, reaching 634 million euros by the end of September.
Abanca posted a profit of 1.203 billion euros in 2024, a 69.1% increase from 2023.
In Portugal, the Abanca group, which previously operated only through a branch, completed the acquisition of EuroBic in July 2024.
Following this acquisition, Abanca decided to close the branch in Portugal and incorporate the entire business of the Portuguese branch (all assets and liabilities) into what is now called EuroBic Abanca.
Therefore, the group will cease to operate through a subsidiary and begin operating in Portugal through an autonomous bank.
According to Abanca, the objective of the measure is to simplify the corporate structure, reduce costs, and further “strengthen Abanca’s competitive position in the Portuguese financial sector, consolidating all of Abanca’s business in Portugal under a single company.”
While this integration is underway, the bank is termed EuroBic Abanca. However, this is a temporary brand, and once the integration is complete, it will be named only Abanca.
As the operational and technological integration process will occur this year, the new name is expected to take effect by 2026.
