Olga Gouveia |

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Olga Gouveia

BBVA Research

Lead Economist

Olga Gouveia is Principal Economist in the Financial Systems Unit in BBVA Research with focus on the analysis of European Financial Systems.

Previously, Olga Gouveia worked in Moody's as Vice-President Senior Analyst at FIG, with leading analytical responsabilities for the ratings of Spanish and Portuguese banks.

Prior to that she worked as an Analyst and Associate in BPI Private Equity in Oporto.

She obtained a Degree in Economics from the University of Oporto, in Portugal in 1998 and an International MBA from IE Business School in 2003.

Latest publications

China Banking Monitor 2025

22 April 2025

China’s banks face headwinds in 2025 amid weak credit growth, low profitability, and property sector stress. Narrowing interest margins and declining lending rates have pushed ROA and ROE to record lows. Real estate woes, LGFV debt, and US tariffs weigh heavily on the sector, while links to shadow banking grown modestly.

Spain | Geopolitical risk as the leading threat to financial stability

18 November 2024

A few days ago, Bank of Spain released its Financial Stability Report, one of its top publications. Coincidentally, this report came out on the same day Americans elected their new president.

China | China Banking Monitor 2024

11 April 2024

Bank performance in 2023 was affected by a lackluster macro environment, primarily due to the downturn in the property market. Bank's housing sector exposure declining, but risks from local government financial vehicles remain concerning.