DBRS: Bancassurance in Spain – Supporting Banks’ Profitability
DBRS Limited (DBRS) published a commentary titled “DBRS: Bancassurance in Spain – Supporting Banks’ Profitability.â€Spanish banks have developed significant bancassurance businesses with strong domestic market shares, particularly in life insurance. DBRS expects insurance revenues to continue to contribute a significant proportion of Spanish banking groups’ profits given the growth prospects of the insurance industry, the strength of the bancassurance channel in Spain, and the low interest rate environment.
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