The Ibex records a 50% increase in its best year in over three decades

The Ibex 35, the main benchmark stock index for the Spanish stock market, has experienced an extraordinary rise, marking its best year in more than three decades with a 50% increase. This phenomenon not only reflects Spain's economic recovery after the challenges presented by the COVID-19 pandemic but also highlights the strength of the banking sector within the Spanish market. The banking sector, in particular, has been a key driver behind this impressive growth. Banks such as Banco Santander, BBVA, CaixaBank, and others have seen their value double over the course of 12 months, driven by a series of factors. These include the normalization of monetary policy by the European Central Bank (ECB), with...