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Finance

Finance

Minister Benjamin’s Banking Law of 1946 further pulled in the already tight reins on the Spanish banking sector. In spite of everything, the two banks from Bilbao managed to grow and to distinguish themselves amongst their national competitors. Even before the greater growth that took place during the 1950s, Banco de Bilbao and Banco de Vizcaya had ended the 1940s in very good health.

Rating agencies are private institutions whose main function is to assess the credit risk of a company or financial product through a series of ratings. These assessments are often used in capital markets as benchmarks for investment decisions.