Philipp (@Felipe13) on getquin

2Yr·

Can European banks like Santander benefit from rising interest rates, or has this already largely happened?

I like Santander, besides solid core business in Spain also active in UK and Latin America. Moreover, kgv lower than the peer group average, decent dividend.

2 Comments

Enrique@Der_Dividenden_Monteur

2Yr

On the subject of rising interest rates: This does not mean that the banks automatically earn more money, this only applies to new loans or loans that have to be renegotiated if they were only fixed for a certain time. Core business in Spain: What is the debt and GDP in Spain? Would be for me a red rag, see the real estate crisis in Spain in 2008. And the business in Latin America is just also rather uncertain because emerging markets. Since I would rather invest in something else from the financial sector, HSBC if it should be European or just a global player like JP Morgan Only my opinion 🤝

••

Show answer