The Spanish banking sector were forced to get rid of 82,285 jobs between 2009 and 2016, which is 30 per cent of its entire workforce, according to data from the Bank of Spain.
And the data reveals 28 jobs a day were cut during the financial crisis.
The Spanish banking sector had a workforce of 268,959 in 2008 and just 186, 674 jobs left at the end of 2016, according to Government data.
During this same time period, bank have gone from 45,660 branches to 28, 641 branches in 2016.
The Spanish financial crisis left levels of unemployment at a huge 26 per cent at their highest in 2013.
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The jobless rate has now reduced to 18.6 per cent, which equates to around 3.4 million people.
Spain still has the second-worst rate for unemployment in the European Union after Greece.
The majority of new jobs created in Spain were in the hospitality industry and the health and social service industries.
Spain was forced to request €38 billion in rescue funds from Europe in 2012 to help several banks crippled by losses after a property market bubble burst, which pushed the economy to the brink of collapse.
Many of the small banks hit hardest by the crisis were taken over by their larger rivals for very little money when they were about to go under.
Earlier this year, the leading economist Roberto Centeno said Spain has borrowed £508 billion from the European Central Bank (ECB) that it can not pay back.
Mr Centeno claimed the situation would “lead to the ruin of several generations of Spaniards over the next 50 years”.
He said: “The Bank of Spain’s debt to the Eurosystem is the largest in Europe.
“The day that the ECB minimally closes the tap of this type of financing or markets increase their risk aversion, the situation will be unsustainable.”