14 August 2008 | 6391 views | 0
The Spanish bank Banco Popular has topped the list of Europe's most cost-efficient banks, according to a new study released today by Arthur D. Little. Kaupthing, from Iceland, and Swedish bank Svenska Handelsbanken round out the top of the list, which ranks Europe's largest financial institutions by cost-efficiency based on their cost-income ratio (CIR). British banks HBOS, RBS, HSBC and Lloyds TSB are all included in the top ten, as are Nordic lenders Kaupthing, Glitnir and Sv. Handelsbanken, and Spanish banks BBVA and Caja Madrid.