CMS Spain
1 Contributions by CMS Spain Experts
PRACTICE NOTES
Loan market and developments
Consumer lending to Spain’s private sector has remained on a steady course overall, reaching €181.46bn in December 2024. This sits close to the long-term average of €187.53bn recorded from March 2007 to December 2024, pointing to a stable yet lively lending environment. This trend reflects a market that remains resilient and active. Strong growth is anticipated in 2025 and 2026, supported by Spain’s broader economic upswing. GDP expanded by 3.2%, helped by a services‑led economy, limited dependence on energy‑intensive activities, and a reviving tourism industry. Credit financial institutions continue to gain ground, especially within Buy Now Pay Later (BNPL) offerings. Spain’s BNPL segment, having grown robustly between 2021 and 2024, is forecast to rise by 11.6% in 2025, reaching US$8.91bn. From January to March 2025, credit extended by financial institutions has been broadly unchanged, while fixed interest rates have edged higher in line
Banking & Finance
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