Jaime Zurita
Jaime Zurita
Principal Economist

Since September 2011, Jaime Zurita is Principal Economist in the Financial Systems Unit at BBVA Research. His main area of responsibility is the analysis of the Spanish banking sector. He has more than 17 years of experience as a bank analyst and consultant.

In October 2006 Jaime joined BBVA’s Equity Research Department as Head Analyst for banks and insurance companies, covering the main Spanish and European stocks in the sector. In December 2008 he joined the Corporate Strategy and M&A team at BBVA with responsibilities in the development and implementation of strategic plans at Group level and the Group’s M&A activity in Spain and Portugal. In September 2011 Jaime joined BBVA Research where he remains since.

Before joining BBVA, Jaime held different positions as bank consultant and analyst at Analistas Financieros Internacionales (Afi) and in the Financial Division at Grupo Santander.

Jaime has a B.A. in Business Administration by CUNEF (Universidad Complutense de Madrid) and an Executive MBA at IE - Instituto de Empresa, Madrid. He is currently a CFA Level III candidate (Chartered Financial Analyst).

Latest publications

The crisis has made obvious the fragility of some aspects of EMU, like financial fragmentation and the need of banking consolidation. Banks have merged due to the vulnerability of some players or in order to improve the profitability/efficiency of the sector.
The flow of new lending transactions in Spain consolidated the turnaround seen in late 2014, growing 23.2% in September (yoy) and 17.2% (yoy) in 2015 accumulated. During the last quarter all portfolios have evolved beyond their expectations.
El flujo de nuevas operaciones de crédito en España afianza el cambio de tendencia observado a finales de 2014, al crecer aceleradamente en julio un 45,5% interanual (a/a) y un 17,7% a/a en el acumulado de 2015. Todas las carteras evolucionan por encima de sus expectativas.