According to a new report published by Centre d’Estudis per la Pau to analyse the way banks, pension funds and insurers are funding the arms industry, the total financing to the arms industry by financial institutions operating in Spain reached nearly €11,969 million between the years 2014 and 2019. The largest armed banks operating in Spain are again BBVA, Santander, ING, Deutsche Bank, Banco Sabadell, Bankia and Caixabank.
