Spain
Who we are
Spain at a glance
Spain is a country in southwestern Europe that boasts rich culture, history and diverse geography. Spain is divided into 17 autonomous communities, 50 provinces and municipalities.It has a population of approximately 47 million people, with the majority residing in the central and coastal regions. Madrid is the capital city
Banking
There are approximately 189 financial institutions operating in Spain, with some of the largest being Santander, BBVA and CaixaBank.
The central bank of Spain is called the Bank of Spain (Banco de España). It is responsible for implementing monetary policy, supervising financial institutions and maintaining stability in the financial sector.
Website: www.bde.es.
Address:Banco de España, Calle Alcalá, 48 28014 Madrid, Spain
Phone: +34 91 338 50 00
Website: www.bde.es.
Address:Banco de España, Calle Alcalá, 48 28014 Madrid, Spain
Phone: +34 91 338 50 00
Peer-to-Peer Lending Regulations
P2P lending in Spain is also regulated by the CNMV.
Website: www.cnmv.es
Address: Calle Edison, 4, 28006 Madrid, Spain.
Email : cnmv@cnmv.es
Phone: +34 91 208 10 00.
Website: www.cnmv.es
Address: Calle Edison, 4, 28006 Madrid, Spain.
Email : cnmv@cnmv.es
Phone: +34 91 208 10 00.
Financial Regulators
The primary financial regulator is the National Securities Market Commission (CNMV), responsible for regulating and supervising the securities market in the country.
Small Claims Procedure
The small claims procedure in Spain is known as “Juicio Verbal” and is used for claims with a value of up to 2,000 euros. It is a simplified and faster process than regular civil proceedings. The procedure is initiated by submitting a claim form to the court, and a hearing is usually held within two months of the claim being filed.
Competitor Information:
There are three major competitors actively issuing credit in Consumer Lending and they are Zank, Socilen and Receptum.