More than 1.4 million Britons own shares in Spain's largest bank, courtesy of its takeovers, down the years, of the old Abbey National, Alliance & Leicester and the high street branches and savings business of Bradford & Bingley.
So when the bank - which is also now the largest in the Eurozone by stock market value - updates investors, there are plenty of people hanging on its every word.
Today's update points to a bank in reasonable health.