Who are we?
Investors & financial institutions
- Independent credit research
  - High Yield credit research
  - Index sponsor
- ESG Solutions
- Consulting
- Our services for Investors & financial institutions
  - EthiFinance is an independent European rating, research and advisory company, operating in both the financial and non-financial fields. The Group offers a full range of services to Investors and Financial institutions through its four complementary business units. Its solutions address all financial players: institutional investors, asset managers, banks, insurance companies, etc.
Corporates & organisations
- ESG solutions
- Consulting
- Practices
  - Taxonomy
  - Biodiversity analysis
- Our services for corporates & organisations
  - EthiFinance is an independent European rating, research and advisory company, operating in both the financial and non-financial fields. The Group offers a full range of services to Corporates and Organisations through its three complementary business units. Its solutions address both companies and local governments.
Credit rating agency
- About ratings
- Product & services
- Regulatory
- Notifications & events
  
  Notifications
  
  Publications
  
  News
  Login
Insights
News
|
- FR
- ES
Language
- - |
    
    French
  - |
    
    Spanish

EBN BANCO DE NEGOCIOS SA

Type of ratings: Banks

Rating value: BBB-

Outlook: Stable

License: EthiFinance Ratings

Solicited

EthiFinance Ratings affirms the rating of EBN Banco de Negocios, S.A. at "BBB-", maintaining the stable outlook. EBN Banco de Negocios, S.A. (hereinafter, EBN) is a Spanish banking group established in 1991 that offers corporate and investment banking products to medium-sized companies, as well as savings, investment and financing solutions for individuals. Its credit rating is based on a more than adequate liquidity cushion, sound solvency levels and a low non-performing loan (NPL) ratio. However, our rating is constrained by currently low levels of profitability and efficiency, as well as the small size of the group. In addition, the economic environment is complex, with an expected slowdown in GDP growth in Spain, weighed down by uncertainty and the loss of purchasing power due to inflationary pressures and interest rate hikes.

Ratings

Rating action: Affirmed

Action date: 2023-03-17

Date last rating: 2023-03-17

Date first rating: 2021-03-17

Documents

Executive summary:

Methodologies

Banks Rating Methodology

Return to the rating page