What is banking, and what are its benefits in Spain?

Banking is the sector that involves offering financial services like depositing money, borrowing money, and aiding in financial transactions. Banks are important for the economy by giving people and companies access to necessary financial products and services like checking and savings accounts, loans, and investment possibilities. Spain has a varied and advanced banking system that provides a variety of financial services, while its stable economy makes it a favorable environment for investment and banking operations.