Openbank, ING and MyInvestor are the financial entities that have captured the largest volume of deposits among purely digital banks in Spain in the first half of the year, according to data collected by the employers’ association AEB.
In absolute terms, Openbank, the digital bank of Santander Bankraised a total of EUR 1,774 million between January and June, while ING acquired EUR 1,647 million of liabilities and MyInvestor increased deposits on its balance sheet by EUR 597 million.
However, depending on the size of the total balance sheet of these entities, the relative volume of deposits changes. Thus, in relative terms, N26 is the entity that has increased its customer deposits the most, closing the month of June at 1,428 million euros, 44.4% more than at the end of December.
Behind is the Portuguese Banco BiG, with a rise of 35.5% which places its customer deposits at 632 million euros, while MyInvestor advanced by 32.3%, to 2,448 million euros.
The two largest digital entities in the sector, ING and Openbank, have recorded much more limited growth rates than their competitors. ING closed the half-year with a total of €50,182 million in customer deposits, up 3.4%; while Openbank grew by 10.7% since the beginning of this year until June, reaching a total of €18,431 million in customer deposits.
The data consulted by Europa Press also includes the other part of the balance: credit. Unlike the recovery of liabilities, the evolution here has been uneven between the entities, some growing and others contracting.
In this regard, ING increased its customer loans by 8.2% in June compared to December, to 35.103 million euros, while Banco Pichincha advanced by 7.4%, to 1.824 million euros.
In third place, Evo Banco grew by 7.2% over the half-year, reaching a total credit of 3,637 million euros, while Openbank advanced by 5%, for a total credit of 2,183 million euros.
MyInvestor contracted its credit activity by 8.4% between January and June, to a “stock” of customer loans of 543 million, while Wizink fell by 1.9%, to 2.8 billion euros.
