<![CDATA[CaixaBank - Communication]]> https://www.caixabank.com/aplnr/comunicacion/buscador/servicio.noticiasRSS_en.html WordPress <![CDATA[¿Cuánto crecerá el precio de la vivienda en España en 2024?]]> https://blog.caixabank.es/?p=23645 2024-02-27T11:24:40.0Z 2024-02-27T11:24:40.0Z <![CDATA[¿Cuánto crecerá el precio de la vivienda en España en 2024?]]> 0 <![CDATA[CaixaBank promotes digital and entrepreneurial talent with a strong presence at MWC Barcelona and 4YFN]]> https://blog.caixabank.es/?p=23645 2024-02-21T11:00:00.0Z 2024-02-21T11:00:00.0Z <![CDATA[CaixaBank promotes digital and entrepreneurial talent with a strong presence at MWC Barcelona and 4YFN]]>  

As part of its commitment to innovation, digital transformation, and digital and entrepreneurial talent, CaixaBank will be heavily involved at MWC Barcelona and 4YFN, which will be held in Barcelona from 26 to 29 February. The bank, which is a supporter of Mobile World Capital Barcelona and main sponsor of 4YFN, will once again actively participate in this leading and influential event in the technology sector.

As part of MWC Barcelona, this year will also feature the first edition of the Talent Arena, a space dedicated exclusively to digital, junior, and professional talent, with the CaixaBank Group as the main partner. The event, promoted by MWCapital, GSMA, the Government of Catalonia, and Barcelona City Council, aims to position the city of Barcelona as a global training hub for digital talent and to promote networking within the technology sector, bringing qualified professionals closer to a dynamic digital industry. CaixaBank will have a presence in this space geared towards attracting talent, where the public will be able to experiment with technological gadgets and enjoy workshops, talks, mini training sessions, and round tables, among other activities.

  • CaixaBank Tech, CaixaBank's technology subsidiary that brings together the financial group's specialised technology and systems teams, will organise a visual thinking workshop "Learn to Think in Images!", with Ana Fernández and Sonia Fernández (CaixaBank Tech). Monday 26 from 9:30 to 11:30 in the Talent Arena ring.
  • “Software 2.0 in 2024: Tools, models, and frameworks based on AI” round table with Rosa Martínez (CaixaBank Tech), Bea Domench (Lufthansa), Gonzalo Goñi (SalesForce), and Laura Gil (Damm). Tuesday 27 at 11:30
  • “Simplify complex development ecosystems: unleash unconditional productivity with Ruby on Rails” round table with Óscar Pérez (CaixaBank Tech), Carlos Valle (Wolters Kluwer), and Sergio González (HP). Wednesday 28 at 12.30
  • The bank will participate in a hackathon, to be held on 27 and 28 February. A practical use case will be created as part of this activity, which will allow participants to explore the potential of Open Gateway APIs (open APIs with code that facilitates and logs communications between two or more applications) through creativity, collaboration, and a commitment to continuous learning, with the guidance and help of CaixaBank Group employees.
  • As part of its commitment to inclusion, CaixaBank, together with MWCapital, will offer a guided tour of the MWC Barcelona and 4YFN facilities aimed at people at risk of social exclusion who, in addition to exploring the event's main new features, will participate in a cybersecurity workshop, entitled "Anti-cyber villains", which will be offered especially for this group in the Talent Arena space. The aim of the workshop is for participants, most of whom have limited access to technology, to learn how to detect and combat cyber-attacks such as phishing, malware, or vishing. Workshop on Thursday 29 at 12:45

Spaces to connect with technology companies and investors

CaixaBank, through its division specialising in technology companies and their investors, DayOne, will have its own stand at 4YFN. In addition, the bank has organised an extensive programme of activities, which will take place in its own debate space located within the CaixaBank DayOne stand, where over 150 top-level speakers will take part in the more than 40 sessions.

The programme is being organised in partnership with the professional teams belonging to the bank's various specialised areas as well as subsidiaries of the CaixaBank Group, such as AgroBank, Business Banking, Sustainability, CaixaBank Dualiza, Human Resources with the WONNOW Awards, CaixaBank Tech, Imagín, and CaixaBank Payments & Consumer, as well as partners from the innovation ecosystem such as SpainCAP, Endeavor, Tech Barcelona, and AEBAN.

Some of the topics of the sessions organised by CaixaBank DayOne at its stand during MWC Barcelona and 4YFN include: ‘How to raise a first round of investment in an uncertain environment’, ‘different but complementary technology ecosystems’, ‘use cases in sustainable fashion’, ‘the move from online to offline for digital native brands’ and ‘challenges and opportunities for entrepreneurship outside the main technology hubs’. .

Besides the bank’s directors, experts in the ecosystem such as Susana Pastor (director of Nestlé Global IT hub), Iñaki Arrola (Kfund), Javi Fondevilla (Holded), and Azahara Espejo (director of HearstLab International), among others, will also take part in the conferences and talks organised by the bank, explaining the fundamental elements of their business models and sharing their experiences and how they have managed to grow and become a success story.

The CaixaBank DayOne stand will also house an exhibition area for startups that are customers of the bank as well as winners and finalists of the EmprendeXXI Awards. A total of 35 companies will participate in this initiative.

PEXXI: recognising the leading companies of tomorrow

To contribute to the development of young, innovative companies with high growth potential, every year since its creation in 2007, the bank has presented the EmprendeXXI Awards.

As part of 4YFN, the regional phase of these awards will start, recognising the startups with the greatest potential in their region and which may become the future leaders within the entrepreneurial ecosystem. Now in their 17th year, these awards have established themselves as prestigious accolades in the entrepreneurial ecosystem.

The winning startup will be announced on 27 February in Catalonia. These awards are co-sponsored by the Ministry of Industry and Tourism, through Enisa, and in Catalonia they have the support of Barcelona Activa, Tech Barcelona, and Acció.

The awards ceremony will take place on Tuesday 27 February at the DayOne stand at midday.

Over 40 content sessions with 150 speakers

On the 4YFN ágora stage, the bank is organising two sessions:

  • Imagín, the digital service and lifestyle platform promoted by CaixaBank, is organising a session on its sustainable entrepreneurship programme "imaginPlanet Challenge: Youth Entrepreneurship Programme Tackling Climate Change", with Anna Canela (Imagín), Xavier Terradellas (Imagine Creativity Center), and two of the winners of previous editions of the programme: Anna Martín (Atom) and Patrick Lokkegaard (ecoDeliver). Monday 26 February at 11:30 on the ágora stage at 4YFN.
  • CaixaBank DayOne, Endeavor, and SpainCAP are organising the session: “The signs of Maturity of Spanish VC: new strategies and players”, with Sonia Fernandez (Kibo Ventures), Pablo of Muller (Capital Sum), Bernat Farrero (Itnig), and Ferrán Prieto (Gasol Ventures). Tuesday 27 February at 15:00 on the ágora stage at 4YFN.

In addition, the CaixaBank DayOne stand will host over 40 content sessions, such as:

  • "Pitch Startups", each day there will be a pitching session so that the startups exhibiting at the stand can present their project to investors and attendees at the event.
  • “Business collaboration – startups: CaixaBank’s bet on sustainability and innovation”, with the participation of Francisco Benedito (ClimateTrade), Paloma Martin (Hoopcarpool) and Beltrán Aznar (Clevergy). Monday 26 February at 11:00
  • "The move from online to offline for digital native brands", with Pd Paola, Alohas, Cocunat, and Barner. Monday 26 February at 17:00.
  • "Challenges and opportunities of entrepreneurship outside the main technology hubs", with LleidaNET, FundCraft, and Ebredrone. Tuesday 27 February at 10:30.
  • “How do you make a good use of dry powder accumulated following the hard stop in 2023?”, with Daniel Sanchez (Nauta), Elena Rico (Impact Partners Iberica) and Sonia Fernandez (Kibo Ventures). Tuesday 27 February at 10:00.
  • "Barcelona Health Hub (the hospitals' journey towards health 5.0), with Mediktor Docline and Hospital del Mar. Wednesday 28 February at 10:00.
  • AgroBank Tech Digital INNovation Event "Welcome Startups", featuring three of the startups selected in the first edition of the programme and the presentation of the results of the programme's second edition. Wednesday 28 February at 12:00.
  • “Sportech: between research and athletes", with Kmleon and Fixtoe. Wednesday 28 February at 16:30.
  • Session organised in partnership with Microsoft: "Driving generative AI to enhance user experience and service quality", with Daniel Pérez (CaixaBank Tech), Víctor Fontecha (Microsoft), and David Hurtado (Microsoft). Thursday 29 February at 12:00.

See the full schedule here.

]]>
 

As part of its commitment to innovation, digital transformation, and digital and entrepreneurial talent, CaixaBank will be heavily involved at MWC Barcelona and 4YFN, which will be held in Barcelona from 26 to 29 February. The bank, which is a supporter of Mobile World Capital Barcelona and main sponsor of 4YFN, will once again actively participate in this leading and influential event in the technology sector.

As part of MWC Barcelona, this year will also feature the first edition of the Talent Arena, a space dedicated exclusively to digital, junior, and professional talent, with the CaixaBank Group as the main partner. The event, promoted by MWCapital, GSMA, the Government of Catalonia, and Barcelona City Council, aims to position the city of Barcelona as a global training hub for digital talent and to promote networking within the technology sector, bringing qualified professionals closer to a dynamic digital industry. CaixaBank will have a presence in this space geared towards attracting talent, where the public will be able to experiment with technological gadgets and enjoy workshops, talks, mini training sessions, and round tables, among other activities.

  • CaixaBank Tech, CaixaBank's technology subsidiary that brings together the financial group's specialised technology and systems teams, will organise a visual thinking workshop "Learn to Think in Images!", with Ana Fernández and Sonia Fernández (CaixaBank Tech). Monday 26 from 9:30 to 11:30 in the Talent Arena ring.
  • “Software 2.0 in 2024: Tools, models, and frameworks based on AI” round table with Rosa Martínez (CaixaBank Tech), Bea Domench (Lufthansa), Gonzalo Goñi (SalesForce), and Laura Gil (Damm). Tuesday 27 at 11:30
  • “Simplify complex development ecosystems: unleash unconditional productivity with Ruby on Rails” round table with Óscar Pérez (CaixaBank Tech), Carlos Valle (Wolters Kluwer), and Sergio González (HP). Wednesday 28 at 12.30
  • The bank will participate in a hackathon, to be held on 27 and 28 February. A practical use case will be created as part of this activity, which will allow participants to explore the potential of Open Gateway APIs (open APIs with code that facilitates and logs communications between two or more applications) through creativity, collaboration, and a commitment to continuous learning, with the guidance and help of CaixaBank Group employees.
  • As part of its commitment to inclusion, CaixaBank, together with MWCapital, will offer a guided tour of the MWC Barcelona and 4YFN facilities aimed at people at risk of social exclusion who, in addition to exploring the event's main new features, will participate in a cybersecurity workshop, entitled "Anti-cyber villains", which will be offered especially for this group in the Talent Arena space. The aim of the workshop is for participants, most of whom have limited access to technology, to learn how to detect and combat cyber-attacks such as phishing, malware, or vishing. Workshop on Thursday 29 at 12:45

Spaces to connect with technology companies and investors

CaixaBank, through its division specialising in technology companies and their investors, DayOne, will have its own stand at 4YFN. In addition, the bank has organised an extensive programme of activities, which will take place in its own debate space located within the CaixaBank DayOne stand, where over 150 top-level speakers will take part in the more than 40 sessions.

The programme is being organised in partnership with the professional teams belonging to the bank's various specialised areas as well as subsidiaries of the CaixaBank Group, such as AgroBank, Business Banking, Sustainability, CaixaBank Dualiza, Human Resources with the WONNOW Awards, CaixaBank Tech, Imagín, and CaixaBank Payments & Consumer, as well as partners from the innovation ecosystem such as SpainCAP, Endeavor, Tech Barcelona, and AEBAN.

Some of the topics of the sessions organised by CaixaBank DayOne at its stand during MWC Barcelona and 4YFN include: ‘How to raise a first round of investment in an uncertain environment’, ‘different but complementary technology ecosystems’, ‘use cases in sustainable fashion’, ‘the move from online to offline for digital native brands’ and ‘challenges and opportunities for entrepreneurship outside the main technology hubs’. .

Besides the bank’s directors, experts in the ecosystem such as Susana Pastor (director of Nestlé Global IT hub), Iñaki Arrola (Kfund), Javi Fondevilla (Holded), and Azahara Espejo (director of HearstLab International), among others, will also take part in the conferences and talks organised by the bank, explaining the fundamental elements of their business models and sharing their experiences and how they have managed to grow and become a success story.

The CaixaBank DayOne stand will also house an exhibition area for startups that are customers of the bank as well as winners and finalists of the EmprendeXXI Awards. A total of 35 companies will participate in this initiative.

PEXXI: recognising the leading companies of tomorrow

To contribute to the development of young, innovative companies with high growth potential, every year since its creation in 2007, the bank has presented the EmprendeXXI Awards.

As part of 4YFN, the regional phase of these awards will start, recognising the startups with the greatest potential in their region and which may become the future leaders within the entrepreneurial ecosystem. Now in their 17th year, these awards have established themselves as prestigious accolades in the entrepreneurial ecosystem.

The winning startup will be announced on 27 February in Catalonia. These awards are co-sponsored by the Ministry of Industry and Tourism, through Enisa, and in Catalonia they have the support of Barcelona Activa, Tech Barcelona, and Acció.

The awards ceremony will take place on Tuesday 27 February at the DayOne stand at midday.

Over 40 content sessions with 150 speakers

On the 4YFN ágora stage, the bank is organising two sessions:

  • Imagín, the digital service and lifestyle platform promoted by CaixaBank, is organising a session on its sustainable entrepreneurship programme "imaginPlanet Challenge: Youth Entrepreneurship Programme Tackling Climate Change", with Anna Canela (Imagín), Xavier Terradellas (Imagine Creativity Center), and two of the winners of previous editions of the programme: Anna Martín (Atom) and Patrick Lokkegaard (ecoDeliver). Monday 26 February at 11:30 on the ágora stage at 4YFN.
  • CaixaBank DayOne, Endeavor, and SpainCAP are organising the session: “The signs of Maturity of Spanish VC: new strategies and players”, with Sonia Fernandez (Kibo Ventures), Pablo of Muller (Capital Sum), Bernat Farrero (Itnig), and Ferrán Prieto (Gasol Ventures). Tuesday 27 February at 15:00 on the ágora stage at 4YFN.

In addition, the CaixaBank DayOne stand will host over 40 content sessions, such as:

  • "Pitch Startups", each day there will be a pitching session so that the startups exhibiting at the stand can present their project to investors and attendees at the event.
  • “Business collaboration – startups: CaixaBank’s bet on sustainability and innovation”, with the participation of Francisco Benedito (ClimateTrade), Paloma Martin (Hoopcarpool) and Beltrán Aznar (Clevergy). Monday 26 February at 11:00
  • "The move from online to offline for digital native brands", with Pd Paola, Alohas, Cocunat, and Barner. Monday 26 February at 17:00.
  • "Challenges and opportunities of entrepreneurship outside the main technology hubs", with LleidaNET, FundCraft, and Ebredrone. Tuesday 27 February at 10:30.
  • “How do you make a good use of dry powder accumulated following the hard stop in 2023?”, with Daniel Sanchez (Nauta), Elena Rico (Impact Partners Iberica) and Sonia Fernandez (Kibo Ventures). Tuesday 27 February at 10:00.
  • "Barcelona Health Hub (the hospitals' journey towards health 5.0), with Mediktor Docline and Hospital del Mar. Wednesday 28 February at 10:00.
  • AgroBank Tech Digital INNovation Event "Welcome Startups", featuring three of the startups selected in the first edition of the programme and the presentation of the results of the programme's second edition. Wednesday 28 February at 12:00.
  • “Sportech: between research and athletes", with Kmleon and Fixtoe. Wednesday 28 February at 16:30.
  • Session organised in partnership with Microsoft: "Driving generative AI to enhance user experience and service quality", with Daniel Pérez (CaixaBank Tech), Víctor Fontecha (Microsoft), and David Hurtado (Microsoft). Thursday 29 February at 12:00.

See the full schedule here.

]]>
0
<![CDATA[CaixaBank, leading bank on Sustainable Finance in EMEA in 2023, according to the Refinitiv ranking]]> https://blog.caixabank.es/?p=23645 2024-02-15T09:00:00.0Z 2024-02-15T09:00:00.0Z <![CDATA[CaixaBank, leading bank on Sustainable Finance in EMEA in 2023, according to the Refinitiv ranking]]>  

CaixaBank was the leading bank for sustainable finance in the EMEA region in 2023, according to Refinitiv LSEG’s annual ranking. CaixaBank has reached first place in this ranking for the first time ever, with a total of 120 transactions valued at US$18.74 billion. In 2022, CaixaBank finished third in this European ranking, with 99 transactions valued at US$12.71 billion. In 2021, it ranked sixth, with 82 transactions amounting to US$11.06 billion.

The Refinitiv LSEG ranking is one of the most widely used benchmarks in sustainable finance, as it consolidates all green, social, and sustainable finance activities at a global level.

Sixth place in the world ranking

CaixaBank also finished the 2023 Refinitiv LSEG world ranking in sixth place, its best position ever, and is the only Spanish bank to appear in the top ten. To reach this position, Refinitiv LSEG has posted 126 financing transactions, reaching a total of US$19.19 billion.

CaixaBank, an international benchmark in sustainability

Sustainability is a pillar of CaixaBank’s 2022-24 Strategic Plan. The bank is committed to mobilising €64 billion in sustainable finance over the three-year period. By 30 September 2023, CaixaBank had already reached €43.27 billion, representing 67.6% of the target and positioning itself as an international benchmark in Sustainable Finance.

CaixaBank was recently recognised by Global Finance for its Outstanding Global Leadership in ESG-Related Loans in 2023 and its Outstanding Financial Leadership in Sustaining Communities in Western Europe in 2023, having also been recognised by Euromoney as the “Best Bank in Sustainability in Spain in 2023”. These awards recognise the bank's leadership in the field of financing under environmental, social, and good governance criteria and position CaixaBank as an international benchmark.

Annexes

 

]]>
 

CaixaBank was the leading bank for sustainable finance in the EMEA region in 2023, according to Refinitiv LSEG’s annual ranking. CaixaBank has reached first place in this ranking for the first time ever, with a total of 120 transactions valued at US$18.74 billion. In 2022, CaixaBank finished third in this European ranking, with 99 transactions valued at US$12.71 billion. In 2021, it ranked sixth, with 82 transactions amounting to US$11.06 billion.

The Refinitiv LSEG ranking is one of the most widely used benchmarks in sustainable finance, as it consolidates all green, social, and sustainable finance activities at a global level.

Sixth place in the world ranking

CaixaBank also finished the 2023 Refinitiv LSEG world ranking in sixth place, its best position ever, and is the only Spanish bank to appear in the top ten. To reach this position, Refinitiv LSEG has posted 126 financing transactions, reaching a total of US$19.19 billion.

CaixaBank, an international benchmark in sustainability

Sustainability is a pillar of CaixaBank’s 2022-24 Strategic Plan. The bank is committed to mobilising €64 billion in sustainable finance over the three-year period. By 30 September 2023, CaixaBank had already reached €43.27 billion, representing 67.6% of the target and positioning itself as an international benchmark in Sustainable Finance.

CaixaBank was recently recognised by Global Finance for its Outstanding Global Leadership in ESG-Related Loans in 2023 and its Outstanding Financial Leadership in Sustaining Communities in Western Europe in 2023, having also been recognised by Euromoney as the “Best Bank in Sustainability in Spain in 2023”. These awards recognise the bank's leadership in the field of financing under environmental, social, and good governance criteria and position CaixaBank as an international benchmark.

Annexes

 

]]>
0
<![CDATA[CaixaBank launches \"The Island\" advertising campaign: a trip to the most remote island in the world that highlights the social dimension of the bank’s offering]]> https://blog.caixabank.es/?p=23645 2024-02-12T10:30:00.0Z 2024-02-12T10:30:00.0Z <![CDATA[CaixaBank launches \"The Island\" advertising campaign: a trip to the most remote island in the world that highlights the social dimension of the bank’s offering]]>

CaixaBank has launched its first major advertising campaign of 2024: "The Island". It is a corporate campaign created with the aim of strengthening the visibility of its contribution to the economic and social development of the regions where the bank operates.

The initiative aligns with the bank's brand purpose, "standing by people for everything that matters", presented in 2022, and looks at five key aspects of CaixaBank's contribution to society: initiatives to support senior citizens; standing by and supporting local areas through the most extensive branch network in Spain and AgroBank's value proposition for rural regions; financing for entrepreneurs through MicroBank; the work that CaixaBank Dualiza promotes in support of vocational training; and the social initiatives promoted by CaixaBank, such as its volunteer programme.

Trip to the most remote island in the world

This new corporate campaign is based on the contrast between the reality of the most remote place in the world and that of our own land, in a story that explores the idea that anything is possible when you have someone standing by you: in the most remote place in the world, and also “here”, in Spain.

 The adverts created show a trip to the most remote island in the world: Tristan da Cunha, in the South Atlantic. This island, which is under British jurisdiction, is considered the furthest island from any other inhabited point in the world; the nearest town, located on the island of St. Helena, on which Tristan da Cunha is administratively dependent, is 2,173 kilometres to the north. The island is also thousands of kilometres away from any continent: specifically, it is 2,816 kilometres from Africa and 3,360 kilometres from South America.

It is precisely a journey to the most remote place in the world that forms the guiding thread of a story in which CaixaBank wishes to highlight the importance of the concept of "standing by people". In reality, life in Tristan da Cunha (which in the campaign is referred to as "there") and life in Spain ("here", in the campaign's wording), although separated by many kilometres, is not so different.

This metaphor helps to convey the similarity between the behaviour of the island's inhabitants and the closeness and social commitment of CaixaBank as a facilitator: being at people's side to support their projects and their dreams.

In the different versions of the advert, the 260 inhabitants of Tristan da Cunha explain how they have established initiatives and what kind of help they have needed. The conclusion is that it is the sense of community, with the support of facilitators such as CaixaBank, that makes it possible to carry out personal and collective initiatives, something that happens all over the world, both on the most remote island in the world, as well as anywhere in Spain.

"The Island" advert will be broadcast, with innovative pieces adapted for each format, on television, radio, in the press, digital media, social media, cinemas and on several metro lines in Barcelona and Madrid.

The five social areas of CaixaBank

The campaign, designed by Dentsu both creatively and in terms of media planning, is centred around one main piece, which features a trip to the island of Tristan da Cunha for the first time and develops the concept of "standing by people".

In this first wave of the campaign, there will be three adverts released dedicated to three of the main social focuses: regional territory, entrepreneurship, and vocational training. Then, mid-year, in a second wave, the other two focuses will be addressed: commitment to senior citizens and corporate volunteering.

Social vocation, which forms part of CaixaBank's core values, is reflected in its service to the senior community. CaixaBank, with more than four million customers over the age of 65 and a 34.3% share of pensions deposited by direct debit, is the leading institution in the senior citizen segment in Spain. Currently, four out of every ten customers in this segment in Spain trust in CaixaBank. According to the latest FRS 2023 index published, CaixaBank has the leading position in the sector, with 52.6% of those surveyed perceiving CaixaBank as an institution specialising in senior citizens. The bank's commitment to its customers focuses on three areas: standing by people, adapting to the way they engage with the bank and working to prevent financial exclusion.

CaixaBank is also firmly committed to the Spanish territory thanks to having the largest branch network, with nearly 4,000 branches in more than 2,230 municipalities. This network enables the bank to reach practically every corner of the country and be the only financial institution in 483 municipalities, which it is also committed to not abandoning the service to. In fact, in 2022 and 2023, CaixaBank extended the coverage of its financial services network to a total of 484 new towns in rural areas where the bank had no presence until then. These new service points have been incorporated through the arrival of mobile branches and the installation of ATMs. The bank is also committed to the development of rural areas with AgroBank, its business line focusing on the agri-food sector and has specialised branches and managers.

MicroBank, CaixaBank's social bank, is Europe’s leader in microfinance, with a clear commitment to financial inclusion and access to credit for the most vulnerable groups, as well as to promoting the socio-economic development of the country. In 2023, MicroBank, processed 144,473 financing transactions with a social impact valued at €1.38 billion, representing increases of 44% and 36.2%, respectively.  The sector that experienced the most growth in 2023 involved the financing granted for the launch and consolidation of small businesses. In total, MicroBank granted 19,267 microcredits in Spain for this purpose, 47% more than in the previous year.

CaixaBank Dualiza, an initiative for fostering and expanding vocational training, acts out of the conviction that society is transformed through education. Last year alone, more than 10,000 students, teachers and companies benefited from the initiatives promoted by this foundation aimed at improving individuals' qualifications through vocational training.

On volunteering, CaixaBank has a programme open to employees, former employees, friends, family, and customers of the bank, which carries out solidarity activities in collaboration with social organisations throughout Spain to help people in vulnerable situations.

“Standing by people for everything that matters"

CaixaBank's brand purpose, "Standing by people for everything that matters", reaffirms its commitment to standing by society and all its stakeholders, starting with its customers, also reinforcing its corporate culture. This is also reflected in the bank's slogan, “You and I. Together", which reflects on the bank's commitment to engaging with people and society, taking part in their lives, their reality and their needs.

The new campaign underscores the bank's commitment to supporting people in everything that matters to them and to helping them with their concerns by being part of their lives, their reality, and their financial needs. The idea is to be close to them not only physically, but also personally, whether through in-person or digital channels, offering them customised solutions based on their individual needs and circumstances.

 

 

 

]]>

CaixaBank has launched its first major advertising campaign of 2024: "The Island". It is a corporate campaign created with the aim of strengthening the visibility of its contribution to the economic and social development of the regions where the bank operates.

The initiative aligns with the bank's brand purpose, "standing by people for everything that matters", presented in 2022, and looks at five key aspects of CaixaBank's contribution to society: initiatives to support senior citizens; standing by and supporting local areas through the most extensive branch network in Spain and AgroBank's value proposition for rural regions; financing for entrepreneurs through MicroBank; the work that CaixaBank Dualiza promotes in support of vocational training; and the social initiatives promoted by CaixaBank, such as its volunteer programme.

Trip to the most remote island in the world

This new corporate campaign is based on the contrast between the reality of the most remote place in the world and that of our own land, in a story that explores the idea that anything is possible when you have someone standing by you: in the most remote place in the world, and also “here”, in Spain.

 The adverts created show a trip to the most remote island in the world: Tristan da Cunha, in the South Atlantic. This island, which is under British jurisdiction, is considered the furthest island from any other inhabited point in the world; the nearest town, located on the island of St. Helena, on which Tristan da Cunha is administratively dependent, is 2,173 kilometres to the north. The island is also thousands of kilometres away from any continent: specifically, it is 2,816 kilometres from Africa and 3,360 kilometres from South America.

It is precisely a journey to the most remote place in the world that forms the guiding thread of a story in which CaixaBank wishes to highlight the importance of the concept of "standing by people". In reality, life in Tristan da Cunha (which in the campaign is referred to as "there") and life in Spain ("here", in the campaign's wording), although separated by many kilometres, is not so different.

This metaphor helps to convey the similarity between the behaviour of the island's inhabitants and the closeness and social commitment of CaixaBank as a facilitator: being at people's side to support their projects and their dreams.

In the different versions of the advert, the 260 inhabitants of Tristan da Cunha explain how they have established initiatives and what kind of help they have needed. The conclusion is that it is the sense of community, with the support of facilitators such as CaixaBank, that makes it possible to carry out personal and collective initiatives, something that happens all over the world, both on the most remote island in the world, as well as anywhere in Spain.

"The Island" advert will be broadcast, with innovative pieces adapted for each format, on television, radio, in the press, digital media, social media, cinemas and on several metro lines in Barcelona and Madrid.

The five social areas of CaixaBank

The campaign, designed by Dentsu both creatively and in terms of media planning, is centred around one main piece, which features a trip to the island of Tristan da Cunha for the first time and develops the concept of "standing by people".

In this first wave of the campaign, there will be three adverts released dedicated to three of the main social focuses: regional territory, entrepreneurship, and vocational training. Then, mid-year, in a second wave, the other two focuses will be addressed: commitment to senior citizens and corporate volunteering.

Social vocation, which forms part of CaixaBank's core values, is reflected in its service to the senior community. CaixaBank, with more than four million customers over the age of 65 and a 34.3% share of pensions deposited by direct debit, is the leading institution in the senior citizen segment in Spain. Currently, four out of every ten customers in this segment in Spain trust in CaixaBank. According to the latest FRS 2023 index published, CaixaBank has the leading position in the sector, with 52.6% of those surveyed perceiving CaixaBank as an institution specialising in senior citizens. The bank's commitment to its customers focuses on three areas: standing by people, adapting to the way they engage with the bank and working to prevent financial exclusion.

CaixaBank is also firmly committed to the Spanish territory thanks to having the largest branch network, with nearly 4,000 branches in more than 2,230 municipalities. This network enables the bank to reach practically every corner of the country and be the only financial institution in 483 municipalities, which it is also committed to not abandoning the service to. In fact, in 2022 and 2023, CaixaBank extended the coverage of its financial services network to a total of 484 new towns in rural areas where the bank had no presence until then. These new service points have been incorporated through the arrival of mobile branches and the installation of ATMs. The bank is also committed to the development of rural areas with AgroBank, its business line focusing on the agri-food sector and has specialised branches and managers.

MicroBank, CaixaBank's social bank, is Europe’s leader in microfinance, with a clear commitment to financial inclusion and access to credit for the most vulnerable groups, as well as to promoting the socio-economic development of the country. In 2023, MicroBank, processed 144,473 financing transactions with a social impact valued at €1.38 billion, representing increases of 44% and 36.2%, respectively.  The sector that experienced the most growth in 2023 involved the financing granted for the launch and consolidation of small businesses. In total, MicroBank granted 19,267 microcredits in Spain for this purpose, 47% more than in the previous year.

CaixaBank Dualiza, an initiative for fostering and expanding vocational training, acts out of the conviction that society is transformed through education. Last year alone, more than 10,000 students, teachers and companies benefited from the initiatives promoted by this foundation aimed at improving individuals' qualifications through vocational training.

On volunteering, CaixaBank has a programme open to employees, former employees, friends, family, and customers of the bank, which carries out solidarity activities in collaboration with social organisations throughout Spain to help people in vulnerable situations.

“Standing by people for everything that matters"

CaixaBank's brand purpose, "Standing by people for everything that matters", reaffirms its commitment to standing by society and all its stakeholders, starting with its customers, also reinforcing its corporate culture. This is also reflected in the bank's slogan, “You and I. Together", which reflects on the bank's commitment to engaging with people and society, taking part in their lives, their reality and their needs.

The new campaign underscores the bank's commitment to supporting people in everything that matters to them and to helping them with their concerns by being part of their lives, their reality, and their financial needs. The idea is to be close to them not only physically, but also personally, whether through in-person or digital channels, offering them customised solutions based on their individual needs and circumstances.

 

 

 

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<![CDATA[MicroBank increases its social impact financing by 36.2%, allocating €1.38 billion in 2023]]> https://blog.caixabank.es/?p=23645 2024-02-09T00:00:00.0Z 2024-02-09T00:00:00.0Z <![CDATA[MicroBank increases its social impact financing by 36.2%, allocating €1.38 billion in 2023]]>  

MicroBank, CaixaBank's social bank, completed 144,473 financing transactions in 2023, with a total social impact valued at €1.38 billion, representing increases of 44% and 36.2% on the previous year respectively. 

The sector that experienced the most growth in 2023 was the financing granted for the launch and consolidation of small businesses. In total, MicroBank granted 19,267 microcredits in Spain for this purpose, 47% more than in the previous year.

“MicroBank finds it very rewarding to see that the general context of recovery that the country is experiencing is also reflected in the increasing number of businesses created by entrepreneurs and microenterprises that benefit from our financing”, explains Cristina González, MicroBank’s General Manager. The average value of these microcredits last year was €13,150, and the total volume contributed by CaixaBank's social bank amounted to €253.4 million, a 48% increase YoY.

“In 2022 we reached the milestone of €1 billion granted in financing with social impact, however in 2023 we significantly exceeded this volume. We are confident that our activity is key for promoting equal opportunities and favouring the development and wellbeing in Spain”, points out Juan Carlos Gallego, Chairman of MicroBank.

The line of business aimed at supporting vulnerable families, with 118,756 microcredits granted in Spain and 44.9% rise in comparison to last year, once again represented the majority of the financing granted by MicroBank. Specifically, the bank allocated €862.2 million throughout 2023 to this particular business area, which represents 62.3% of the total financing. The average amount of these microcredits, set aside for underserved people to cover their specific needs, amounted to €7,260 per person.

The third major area of activity of MicroBank, relating to specific facilities for sectors with social impact, contributed to funding 6,453 projects focused on the social economy, education, healthcare, entrepreneurship and innovation in 2023, a 24% increase YoY. In total, the financing volume amounted to €267.8 million, with a YoY increase of 29.1%. 2023 continued with the increasing trend of the business line social economy, which recorded a 73.7% growth in production, as well as the evolution of the Skills & Education loans, linked to education and improving skills for both students and businesses.

Sustainable banking

MicroBank offers solutions to different segments of the population whose financial needs are not sufficiently met. It plays a crucial role in the Sustainable Banking Plan, part of CaixaBank’s Strategic Plan, which entrusts it with promoting financial inclusion by providing vulnerable groups access to loans, as well as with enhancing its commitment to the country’s socio-economic development.

As the sole shareholder of MicroBank, CaixaBank has supported its social bank since its creation by giving it the funding required to grow its lending activity while marketing MicroBank products through CaixaBank’s extensive commercial network, with the aim of offering customers its entire range of products with the highest possible quality of service and the best possible relationship.

More than 270 entities throughout Spain also actively collaborate in granting the microcredits, contributing knowledge to the borrowers, in addition to advising on and monitoring the projects.

MicroBank also relies on the support of Europe’s leading institutions when it comes to promoting enterprise and microfinance, namely the European Investment Fund (EIF), the Council of Europe Development Bank (CEB) and the European Investment Bank (EIB).

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MicroBank, CaixaBank's social bank, completed 144,473 financing transactions in 2023, with a total social impact valued at €1.38 billion, representing increases of 44% and 36.2% on the previous year respectively. 

The sector that experienced the most growth in 2023 was the financing granted for the launch and consolidation of small businesses. In total, MicroBank granted 19,267 microcredits in Spain for this purpose, 47% more than in the previous year.

“MicroBank finds it very rewarding to see that the general context of recovery that the country is experiencing is also reflected in the increasing number of businesses created by entrepreneurs and microenterprises that benefit from our financing”, explains Cristina González, MicroBank’s General Manager. The average value of these microcredits last year was €13,150, and the total volume contributed by CaixaBank's social bank amounted to €253.4 million, a 48% increase YoY.

“In 2022 we reached the milestone of €1 billion granted in financing with social impact, however in 2023 we significantly exceeded this volume. We are confident that our activity is key for promoting equal opportunities and favouring the development and wellbeing in Spain”, points out Juan Carlos Gallego, Chairman of MicroBank.

The line of business aimed at supporting vulnerable families, with 118,756 microcredits granted in Spain and 44.9% rise in comparison to last year, once again represented the majority of the financing granted by MicroBank. Specifically, the bank allocated €862.2 million throughout 2023 to this particular business area, which represents 62.3% of the total financing. The average amount of these microcredits, set aside for underserved people to cover their specific needs, amounted to €7,260 per person.

The third major area of activity of MicroBank, relating to specific facilities for sectors with social impact, contributed to funding 6,453 projects focused on the social economy, education, healthcare, entrepreneurship and innovation in 2023, a 24% increase YoY. In total, the financing volume amounted to €267.8 million, with a YoY increase of 29.1%. 2023 continued with the increasing trend of the business line social economy, which recorded a 73.7% growth in production, as well as the evolution of the Skills & Education loans, linked to education and improving skills for both students and businesses.

Sustainable banking

MicroBank offers solutions to different segments of the population whose financial needs are not sufficiently met. It plays a crucial role in the Sustainable Banking Plan, part of CaixaBank’s Strategic Plan, which entrusts it with promoting financial inclusion by providing vulnerable groups access to loans, as well as with enhancing its commitment to the country’s socio-economic development.

As the sole shareholder of MicroBank, CaixaBank has supported its social bank since its creation by giving it the funding required to grow its lending activity while marketing MicroBank products through CaixaBank’s extensive commercial network, with the aim of offering customers its entire range of products with the highest possible quality of service and the best possible relationship.

More than 270 entities throughout Spain also actively collaborate in granting the microcredits, contributing knowledge to the borrowers, in addition to advising on and monitoring the projects.

MicroBank also relies on the support of Europe’s leading institutions when it comes to promoting enterprise and microfinance, namely the European Investment Fund (EIF), the Council of Europe Development Bank (CEB) and the European Investment Bank (EIB).

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<![CDATA[CaixaBank acts as Mandated Lead Arranger and Green Global Coordinator of a €260 million green loan to Sonnedix to finance Italian renewable energy projects]]> https://blog.caixabank.es/?p=23645 2024-02-07T00:00:00.0Z 2024-02-07T00:00:00.0Z <![CDATA[CaixaBank acts as Mandated Lead Arranger and Green Global Coordinator of a €260 million green loan to Sonnedix to finance Italian renewable energy projects]]>  

CaixaBank acts as MLA, Green Global Coordinator and Hedging Bank in the €260 million green loan to Sonnedix, a leading renewable energy producer with over 3 GW of operating capacity, to finance its pipeline of renewable energy projects in Italy.

The loan, secured in December 2023, represents one of the largest solar project financing deals in the Italian market during the year. The multi-borrower loan includes greenfield project finance for the construction of two solar photovoltaic plants located in Sicily and Sardinia with a total capacity of around 200MW, as well as an acquisition finance tranche for an operating asset.

This financing allows CaixaBank to strength its position on the Italian renewable energy market reinforcing too its commitment to the Sustainability.

CaixaBank, benchmark in sustainability

CaixaBank has a strong historical commitment to the social impact of its activity, assuming the responsibility of driving a positive economy that prioritises people’s well-being. To this end, it has drawn up a Sustainable Banking Plan as part of CaixaBank’s Strategic Plan for the 2022-2024 period, of which one of its ambitions is to be a benchmark in Europe for sustainability.

Under its Sustainable Banking Plan, CaixaBank’s goal is to mobilise €64 billion in sustainable finance between 2022 and 2024. Besides providing capital to finance energy transition initiatives, this includes purposes with a social impact such as microloans for students, the self-employed, microenterprises or families and new companies creating jobs. The bank is also committed to reaching 413,300 MicroBank beneficiaries, the Group’s social bank.

CaixaBank in Italy

CaixaBank established a presence in Italy in 2000 through a representative office that served as a bridge between Italian and multinational companies operating in the country and CaixaBank's CIB team in Spain.

In early 2023, the bank was granted a banking license in Italy, enabling its team to manage clients directly within the country and offer a comprehensive range of financial and banking services to large Italian corporations and multinationals (large corporates). These services include checking accounts, deposits, short- and long-term financing, working capital solutions, and foreign trade.

The establishment of the Italian branch in 2023 marked another milestone in CaixaBank's strategic initiative to transform its representative offices across Europe into fully licensed banking branches. This trend commenced in 2016 with the UK office, followed by Germany in 2017 and France in 2018.

About Sonnedix

Sonnedix is a global renewable energy producer with over a decade-long trajectory of sustainable growth. Sonnedix develops, builds, and operates renewable energy projects for the long-term, with a focus on providing green, affordable electricity to our customers, and acting as a true social citizen there where it operates.

Sonnedix currently has a total capacity of over 10GW, including a development pipeline of more than 6GW, across Chile, France, Germany, Italy, Japan, Poland, Portugal, Spain, USA, and UK. The company continues to expand its global footprint across OECD countries, through acquisitions and development of renewable energy projects.

For more information, please visit www.sonnedix.com

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CaixaBank acts as MLA, Green Global Coordinator and Hedging Bank in the €260 million green loan to Sonnedix, a leading renewable energy producer with over 3 GW of operating capacity, to finance its pipeline of renewable energy projects in Italy.

The loan, secured in December 2023, represents one of the largest solar project financing deals in the Italian market during the year. The multi-borrower loan includes greenfield project finance for the construction of two solar photovoltaic plants located in Sicily and Sardinia with a total capacity of around 200MW, as well as an acquisition finance tranche for an operating asset.

This financing allows CaixaBank to strength its position on the Italian renewable energy market reinforcing too its commitment to the Sustainability.

CaixaBank, benchmark in sustainability

CaixaBank has a strong historical commitment to the social impact of its activity, assuming the responsibility of driving a positive economy that prioritises people’s well-being. To this end, it has drawn up a Sustainable Banking Plan as part of CaixaBank’s Strategic Plan for the 2022-2024 period, of which one of its ambitions is to be a benchmark in Europe for sustainability.

Under its Sustainable Banking Plan, CaixaBank’s goal is to mobilise €64 billion in sustainable finance between 2022 and 2024. Besides providing capital to finance energy transition initiatives, this includes purposes with a social impact such as microloans for students, the self-employed, microenterprises or families and new companies creating jobs. The bank is also committed to reaching 413,300 MicroBank beneficiaries, the Group’s social bank.

CaixaBank in Italy

CaixaBank established a presence in Italy in 2000 through a representative office that served as a bridge between Italian and multinational companies operating in the country and CaixaBank's CIB team in Spain.

In early 2023, the bank was granted a banking license in Italy, enabling its team to manage clients directly within the country and offer a comprehensive range of financial and banking services to large Italian corporations and multinationals (large corporates). These services include checking accounts, deposits, short- and long-term financing, working capital solutions, and foreign trade.

The establishment of the Italian branch in 2023 marked another milestone in CaixaBank's strategic initiative to transform its representative offices across Europe into fully licensed banking branches. This trend commenced in 2016 with the UK office, followed by Germany in 2017 and France in 2018.

About Sonnedix

Sonnedix is a global renewable energy producer with over a decade-long trajectory of sustainable growth. Sonnedix develops, builds, and operates renewable energy projects for the long-term, with a focus on providing green, affordable electricity to our customers, and acting as a true social citizen there where it operates.

Sonnedix currently has a total capacity of over 10GW, including a development pipeline of more than 6GW, across Chile, France, Germany, Italy, Japan, Poland, Portugal, Spain, USA, and UK. The company continues to expand its global footprint across OECD countries, through acquisitions and development of renewable energy projects.

For more information, please visit www.sonnedix.com

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0
<![CDATA[CaixaBank issues €1.25 billion in its seventh green bond]]> https://blog.caixabank.es/?p=23645 2024-02-05T16:30:00.0Z 2024-02-05T16:30:00.0Z <![CDATA[CaixaBank issues €1.25 billion in its seventh green bond]]> Today, CaixaBank concluded its second public bond issue of 2024, the first senior non-preferred green bond of the year. The bank has placed €1.25 billion over 8 years, with an early redemption option in the seventh year.

The price was set at 150 basis points (bp) over mid-swap, 35 bp below the 185 basis points offered in the announcement, thanks to the high demand, which exceeded €4.25 billion. Around 150 corporate investors purchased the issue.

The companies responsible for the placement were CaixaBank, Citi, Goldman Sachs Bank Europe SE, HSBC and Natixis.

CaixaBank's seventh green bond

Today's issue was CaixaBank's seventh green bond, the sixth such issue in euros. In 2022, the company issued two green bonds for 1 billion each, and in 2021, it did so on three occasions: two in euros and one in pounds sterling. CaixaBank issued its first green bond in November 2020.

CaixaBank reinforces its position as the leading issuer of ESG bonds, with a total of €11.25 billion and £500 million in current ESG issues in the market: Seven green bonds and five social bonds.

With this issuance, CaixaBank will channel funds to finance projects that contribute to environmental sustainability, such as the reduction of greenhouse gases, efficient water management, the prevention of pollution, and the adaptation to climate change. Specifically, and in keeping with its initial issue, it will allocate all the funds collected to promote Sustainable Development Goals (SDG) 6, 7, 9, 11 and 12. SDG number 6 "Clean water and sanitation" is aimed at guaranteeing access to water and its sustainable management. SDG number 7 aims to ensure access to "affordable and clean energy". SDG number 9 "industry, innovation and infrastructure" aims to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. SDG number 11, "sustainable cities and communities," aims to ensure that cities are more inclusive, safe, resilient, and sustainable. Lastly, SDG number 12, "responsible consumption and production," aims to empower sustainable production and consumption methods.

CaixaBank identified €10.1 billion of eligible assets on 30 June 2023, of which €6.7 billion are assets financing renewable energy projects; €2.4 billion are commercial and residential real estate assets with energy efficiency labels (EPC) A or B; €450 million are financing waterworks; €518 million are allocated for clean transportation; and €2 million to responsible consumer spending projects.

In August 2019, CaixaBank approved the bond issuance framework linked to the Sustainable Development Goals (SDG) with the validation of Sustainalytics, featuring the mission of supporting the United Nations SDGs. This issuance framework was updated in November 2022 to reflect CaixaBank's new sustainability commitments and developments, as well as to update the asset eligibility thresholds to the higher EU Green Taxonomy Standards.

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Today, CaixaBank concluded its second public bond issue of 2024, the first senior non-preferred green bond of the year. The bank has placed €1.25 billion over 8 years, with an early redemption option in the seventh year.

The price was set at 150 basis points (bp) over mid-swap, 35 bp below the 185 basis points offered in the announcement, thanks to the high demand, which exceeded €4.25 billion. Around 150 corporate investors purchased the issue.

The companies responsible for the placement were CaixaBank, Citi, Goldman Sachs Bank Europe SE, HSBC and Natixis.

CaixaBank's seventh green bond

Today's issue was CaixaBank's seventh green bond, the sixth such issue in euros. In 2022, the company issued two green bonds for 1 billion each, and in 2021, it did so on three occasions: two in euros and one in pounds sterling. CaixaBank issued its first green bond in November 2020.

CaixaBank reinforces its position as the leading issuer of ESG bonds, with a total of €11.25 billion and £500 million in current ESG issues in the market: Seven green bonds and five social bonds.

With this issuance, CaixaBank will channel funds to finance projects that contribute to environmental sustainability, such as the reduction of greenhouse gases, efficient water management, the prevention of pollution, and the adaptation to climate change. Specifically, and in keeping with its initial issue, it will allocate all the funds collected to promote Sustainable Development Goals (SDG) 6, 7, 9, 11 and 12. SDG number 6 "Clean water and sanitation" is aimed at guaranteeing access to water and its sustainable management. SDG number 7 aims to ensure access to "affordable and clean energy". SDG number 9 "industry, innovation and infrastructure" aims to build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation. SDG number 11, "sustainable cities and communities," aims to ensure that cities are more inclusive, safe, resilient, and sustainable. Lastly, SDG number 12, "responsible consumption and production," aims to empower sustainable production and consumption methods.

CaixaBank identified €10.1 billion of eligible assets on 30 June 2023, of which €6.7 billion are assets financing renewable energy projects; €2.4 billion are commercial and residential real estate assets with energy efficiency labels (EPC) A or B; €450 million are financing waterworks; €518 million are allocated for clean transportation; and €2 million to responsible consumer spending projects.

In August 2019, CaixaBank approved the bond issuance framework linked to the Sustainable Development Goals (SDG) with the validation of Sustainalytics, featuring the mission of supporting the United Nations SDGs. This issuance framework was updated in November 2022 to reflect CaixaBank's new sustainability commitments and developments, as well as to update the asset eligibility thresholds to the higher EU Green Taxonomy Standards.

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0
<![CDATA[CaixaBank posts a profit of €4.82 billion in 2023, up +53.9%, and will pay a dividend of €2.89 billion]]> https://blog.caixabank.es/?p=23645 2024-02-02T00:00:00.0Z 2024-02-02T00:00:00.0Z <![CDATA[CaixaBank posts a profit of €4.82 billion in 2023, up +53.9%, and will pay a dividend of €2.89 billion]]>

CaixaBank Group posted an attributable net profit of €4.82 billion in 2023, up +53.9% vs. the €3.13 billion reported in 2022. The Group serves 20.1 million customers through a network of around 4,200 branches located across all of Spain and Portugal and has more than €600 billion in assets.

José Ignacio Goirigolzarri, Chairman of CaixaBank, highlighted that “throughout 2023, CaixaBank has continued to support its clients, businesses and families, by financing their projects and managing their savings. And all this, through a business model that is committed to financial inclusion and supporting the most vulnerable segments of society”.

“This unique way of banking allows the Board of Directors to propose the payment of a dividend worth €2.89 billion, half of which will be reverted to society through ”la Caixa” Foundation and the FROB”, Goirigolzarri added.

Gonzalo Gortazar, CEO of CaixaBank, underscored that “in an environment marked by the normalization of interest rates, we have capitalised on the scale and competitive position achieved with the merger. Our efficiency, profitability and shareholder remuneration have been soundly improved, as well as our contribution to the Welfare Projects of ”la Caixa” Foundation”.

Gortazar highlighted that “in a highly challenging environment, we have completed a very positive year in terms of commercial activity performance: we have granted 280,000 loans to businesses and 80,000 new mortgages to families, while also continuing to grow our relational customer base, which now stands at 71.5%”. 

Income statement evolution

CaixaBank’s 2023 income statement reflects the Group’s financial strength, showing significant growth across all margins, in a context of normalization of interest rates, and with very positive commercial dynamics.

The increase in core revenues (+31.6% in the year) to €15.14 billion stands out in 2023, driven by net interest income, which grows to €10.11 billion (+54.3%), with support from the positive impact of the new interest rate environment on the banking business, and also the excellent work carried out by the commercial network. This satisfactory performance offsets the decline in net fees  and  commissions  (-5.1%). Specifically, recurring banking fees dropped by 9.4% year-on-year following the end of cash custody fees on corporate deposits and the discounts applied under customer loyalty programmes.

Gross income ended 2023 at €14.23 billion, up +28.3% year-on-year, driven by NII, insurance service result (+19.6%) and income from equity investments (+26.4%). Meanwhile, personnel and general expenses increased during the year (+4.7% and +6.1%, respectively).

The positive evolution of the income statement enabled the Group to achieve a return on equity (ROE) of 13.2%. The cost-to-income ratio also improved once again by falling to 40.9%, more than 9 percentage points lower than a year ago (50.3%).

Growing business volume

Business volumes at CaixaBank remained solid throughout the year. Customer funds stood at €630.33 billion at 31 December, up +€19.03 billion in the year (+3.1%). On-balance sheet funds amounted to €463.32 billion, growing +1.2% in the year underpinned by the increase in savings insurance. Time deposits at €54.7 billion, +109.4% in the year, driven by the interest paid on deposits.

Assets under management stand at €160.83 billion (+8.7% in the year), supported by market conditions and significant inflows in savings and investment products. Net inflows in mutual funds, savings insurance and pension plans amounted to €5.34 billion, up +34% vs. 2022, while CaixaBank’s combined market share in long-term savings and deposits ended the year at 26.2%.

CaixaBank also reported growth in new production of protection insurance, up +7% to €739 million.

In terms of loans and advances to customers, the Group’s performing loan portfolio exceeded €344 billion at 31 December, with growth in both corporate and consumer segments and reduction in residential mortgages.

With regards to new production during the year, new mortgage loans amounted to €9.38 billion, with a remarkably strong performance in the fourth quarter. As for consumer lending, new production totalled €10.33 billion in 2023, while new business loans stood at €37.01 billion, both with a strong performance as towards the end of the year.

Sound risk management

CaixaBank pursued an active and prudent risk management policy in 2023, which enabled it to keep the NPL ratio stable during the year (2.7%) while reducing its non-performing loans by €175 million to €10.52 billion. Meanwhile, total provision funds for insolvency risk amounted to €7.67 billion and the coverage ratio was broadly unchanged versus year-end 2022 at 73%. The cost of risk remained low (0.28%, trailing 12 months).

Liquidity and capital position at optimal levels

The Group closed 2023 with optimal levels of both liquidity and capital, in line with the progress achieved throughout the year. Total liquid assets stand at €160.20 billion at 31 December, up €21.19 billion in the year.

And all this, following the full early repayment of the outstanding TLTRO III balance which results in zero-balance drawn under the ECB credit facilities. Meanwhile, the Group’s Liquidity Coverage Ratio (LCR) was 215% at the end of the year, reflecting a comfortable liquidity position.

In terms of capital, the Common Equity Tier 1 (CET1) ratio stood at 12.4%, with organic capital generation of 201 basis points in the year.

Attractive shareholder remuneration in line with the Strategic Plan

CaixaBank’s Board of Directors will propose to the General Shareholders’ Meeting the payment of a cash dividend amounting to €0.3919 gross per share against 2023 profits, representing a cash pay-out of 60% to be paid in April. This is equivalent to a total payment to shareholders of €2.89 billion.

The dividend will be channelled back into society, since around 50% of this amount will be paid to ”la Caixa” Foundation, which carries out its Welfare Projects, and to the Spanish State, through the FROB (Spanish Fund for Orderly Bank Restructuring). In addition, 590,000 retail shareholders shall also benefit from the dividend.

The Board has also approved the dividend plan for 2024, including a cash pay-out target of between 50% and 60% of consolidated net profit, payable in two cash payments: an interim dividend to be paid in November of between 30% and 40% of the consolidated net profit for the first half of 2024, and a complementary dividend payable in April 2025, subject to final approval by the General Shareholders’ Meeting.

CaixaBank also intends, subject to regulatory approval, to launch a new share buyback programme during the first half of 2024, aimed at bringing the year-end 2023 %CET1 closer to 12%.

Commitment to financial inclusion

CaixaBank, with the largest network of branches and ATMs in Spain, remains firmly committed to financial inclusion, and is present through physical branches in more than 2,200  towns and cities across the country. Thanks to this extensive network, the Bank is able to reach practically every corner of the territory and, notably, it is the only bank in 483 municipalities, which it has also pledged not to abandon. In addition, CaixaBank has more than 11,000 ATMs throughout Spain.

Aside from its network of branches and ATMs, CaixaBank operates various mobile branches, which provide face-to-face banking services to a total of 783 rural communities. In 2024, CaixaBank has already managed to increase the financial services it provides through its mobile branches by 23% compared to the start of 2023, when the service visited 636 towns and villages.

This service allows users, whether or not they are customers of the bank, to carry out the most common banking transactions, including withdrawing cash, making deposits, paying bills, and taxes in locations without a bank branch or with other restrictions limiting access to financial services.

Social support endeavours

Financial strength allows CaixaBank to offer adequate remuneration to the bank's shareholders while continuing with its commitment to support families, businesses, the wider economy, and fulfilling its valuable social role.

Indeed, in 2023 CaixaBank has granted more than 280,000 loans to businesses and 80,000 mortgages to families. On the other hand, since interest rates began to rise, more than 30,000 refinancing transactions, conversions of floating-rate mortgages to fixed-rate, and accessions to the Code of Good Practices for mortgage holders have been processed.

The Bank has more than 10,000 social housing units and around 360,000 customers with social or basic accounts.

Video Press Release

Video CaixaBank's chairman, José Ignacio Goirigolzarri

Video CaixaBank's CEO, Gonzalo Gortázar

Quote from CaixaBank's chairman, José Ignacio Goirigolzarri

Quote from CaixaBank's CEO, Gonzalo Gortázar

Video materials

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CaixaBank Group posted an attributable net profit of €4.82 billion in 2023, up +53.9% vs. the €3.13 billion reported in 2022. The Group serves 20.1 million customers through a network of around 4,200 branches located across all of Spain and Portugal and has more than €600 billion in assets.

José Ignacio Goirigolzarri, Chairman of CaixaBank, highlighted that “throughout 2023, CaixaBank has continued to support its clients, businesses and families, by financing their projects and managing their savings. And all this, through a business model that is committed to financial inclusion and supporting the most vulnerable segments of society”.

“This unique way of banking allows the Board of Directors to propose the payment of a dividend worth €2.89 billion, half of which will be reverted to society through ”la Caixa” Foundation and the FROB”, Goirigolzarri added.

Gonzalo Gortazar, CEO of CaixaBank, underscored that “in an environment marked by the normalization of interest rates, we have capitalised on the scale and competitive position achieved with the merger. Our efficiency, profitability and shareholder remuneration have been soundly improved, as well as our contribution to the Welfare Projects of ”la Caixa” Foundation”.

Gortazar highlighted that “in a highly challenging environment, we have completed a very positive year in terms of commercial activity performance: we have granted 280,000 loans to businesses and 80,000 new mortgages to families, while also continuing to grow our relational customer base, which now stands at 71.5%”. 

Income statement evolution

CaixaBank’s 2023 income statement reflects the Group’s financial strength, showing significant growth across all margins, in a context of normalization of interest rates, and with very positive commercial dynamics.

The increase in core revenues (+31.6% in the year) to €15.14 billion stands out in 2023, driven by net interest income, which grows to €10.11 billion (+54.3%), with support from the positive impact of the new interest rate environment on the banking business, and also the excellent work carried out by the commercial network. This satisfactory performance offsets the decline in net fees  and  commissions  (-5.1%). Specifically, recurring banking fees dropped by 9.4% year-on-year following the end of cash custody fees on corporate deposits and the discounts applied under customer loyalty programmes.

Gross income ended 2023 at €14.23 billion, up +28.3% year-on-year, driven by NII, insurance service result (+19.6%) and income from equity investments (+26.4%). Meanwhile, personnel and general expenses increased during the year (+4.7% and +6.1%, respectively).

The positive evolution of the income statement enabled the Group to achieve a return on equity (ROE) of 13.2%. The cost-to-income ratio also improved once again by falling to 40.9%, more than 9 percentage points lower than a year ago (50.3%).

Growing business volume

Business volumes at CaixaBank remained solid throughout the year. Customer funds stood at €630.33 billion at 31 December, up +€19.03 billion in the year (+3.1%). On-balance sheet funds amounted to €463.32 billion, growing +1.2% in the year underpinned by the increase in savings insurance. Time deposits at €54.7 billion, +109.4% in the year, driven by the interest paid on deposits.

Assets under management stand at €160.83 billion (+8.7% in the year), supported by market conditions and significant inflows in savings and investment products. Net inflows in mutual funds, savings insurance and pension plans amounted to €5.34 billion, up +34% vs. 2022, while CaixaBank’s combined market share in long-term savings and deposits ended the year at 26.2%.

CaixaBank also reported growth in new production of protection insurance, up +7% to €739 million.

In terms of loans and advances to customers, the Group’s performing loan portfolio exceeded €344 billion at 31 December, with growth in both corporate and consumer segments and reduction in residential mortgages.

With regards to new production during the year, new mortgage loans amounted to €9.38 billion, with a remarkably strong performance in the fourth quarter. As for consumer lending, new production totalled €10.33 billion in 2023, while new business loans stood at €37.01 billion, both with a strong performance as towards the end of the year.

Sound risk management

CaixaBank pursued an active and prudent risk management policy in 2023, which enabled it to keep the NPL ratio stable during the year (2.7%) while reducing its non-performing loans by €175 million to €10.52 billion. Meanwhile, total provision funds for insolvency risk amounted to €7.67 billion and the coverage ratio was broadly unchanged versus year-end 2022 at 73%. The cost of risk remained low (0.28%, trailing 12 months).

Liquidity and capital position at optimal levels

The Group closed 2023 with optimal levels of both liquidity and capital, in line with the progress achieved throughout the year. Total liquid assets stand at €160.20 billion at 31 December, up €21.19 billion in the year.

And all this, following the full early repayment of the outstanding TLTRO III balance which results in zero-balance drawn under the ECB credit facilities. Meanwhile, the Group’s Liquidity Coverage Ratio (LCR) was 215% at the end of the year, reflecting a comfortable liquidity position.

In terms of capital, the Common Equity Tier 1 (CET1) ratio stood at 12.4%, with organic capital generation of 201 basis points in the year.

Attractive shareholder remuneration in line with the Strategic Plan

CaixaBank’s Board of Directors will propose to the General Shareholders’ Meeting the payment of a cash dividend amounting to €0.3919 gross per share against 2023 profits, representing a cash pay-out of 60% to be paid in April. This is equivalent to a total payment to shareholders of €2.89 billion.

The dividend will be channelled back into society, since around 50% of this amount will be paid to ”la Caixa” Foundation, which carries out its Welfare Projects, and to the Spanish State, through the FROB (Spanish Fund for Orderly Bank Restructuring). In addition, 590,000 retail shareholders shall also benefit from the dividend.

The Board has also approved the dividend plan for 2024, including a cash pay-out target of between 50% and 60% of consolidated net profit, payable in two cash payments: an interim dividend to be paid in November of between 30% and 40% of the consolidated net profit for the first half of 2024, and a complementary dividend payable in April 2025, subject to final approval by the General Shareholders’ Meeting.

CaixaBank also intends, subject to regulatory approval, to launch a new share buyback programme during the first half of 2024, aimed at bringing the year-end 2023 %CET1 closer to 12%.

Commitment to financial inclusion

CaixaBank, with the largest network of branches and ATMs in Spain, remains firmly committed to financial inclusion, and is present through physical branches in more than 2,200  towns and cities across the country. Thanks to this extensive network, the Bank is able to reach practically every corner of the territory and, notably, it is the only bank in 483 municipalities, which it has also pledged not to abandon. In addition, CaixaBank has more than 11,000 ATMs throughout Spain.

Aside from its network of branches and ATMs, CaixaBank operates various mobile branches, which provide face-to-face banking services to a total of 783 rural communities. In 2024, CaixaBank has already managed to increase the financial services it provides through its mobile branches by 23% compared to the start of 2023, when the service visited 636 towns and villages.

This service allows users, whether or not they are customers of the bank, to carry out the most common banking transactions, including withdrawing cash, making deposits, paying bills, and taxes in locations without a bank branch or with other restrictions limiting access to financial services.

Social support endeavours

Financial strength allows CaixaBank to offer adequate remuneration to the bank's shareholders while continuing with its commitment to support families, businesses, the wider economy, and fulfilling its valuable social role.

Indeed, in 2023 CaixaBank has granted more than 280,000 loans to businesses and 80,000 mortgages to families. On the other hand, since interest rates began to rise, more than 30,000 refinancing transactions, conversions of floating-rate mortgages to fixed-rate, and accessions to the Code of Good Practices for mortgage holders have been processed.

The Bank has more than 10,000 social housing units and around 360,000 customers with social or basic accounts.

Video Press Release

Video CaixaBank's chairman, José Ignacio Goirigolzarri

Video CaixaBank's CEO, Gonzalo Gortázar

Quote from CaixaBank's chairman, José Ignacio Goirigolzarri

Quote from CaixaBank's CEO, Gonzalo Gortázar

Video materials

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<![CDATA[CaixaBank becomes the first company in Spain to obtain the AENOR certification for its mentoring programme]]> https://blog.caixabank.es/?p=23645 2024-01-26T10:45:00.0Z 2024-01-26T10:45:00.0Z <![CDATA[CaixaBank becomes the first company in Spain to obtain the AENOR certification for its mentoring programme]]>  

CaixaBank has become the first Spanish company to obtain the AENOR certification for its mentoring programme. The leading trust-building institution has carried out an exhaustive audit process that has culminated in CaixaBank obtaining this seal, which accredits the bank's commitment to the highest standards of excellence in its mentoring and development programmes.

The Director of AENOR's Mediterranean Region, Ángel Luis Sánchez Cerón, presented the certificate to CaixaBank's Director of Culture and Selection, Anna Quirós, at a ceremony held at the bank's corporate headquarters in Barcelona, which was also attended by the Director of AENOR in Catalonia, Jordi Martín.

Throughout the audit, AENOR analysed the process, programme structure, selection of providers and participants, communications, training content, materials, and guides, as well as the mentoring module for the management and recording of the process in the HR information system, progress monitoring, incident resolution, programme evaluations, attendance and usage, analysis of results, mentoring community, post-programme offering and the HR team.

Through this support tool, CaixaBank seeks to develop its workforce, paying special attention to critical groups. This mentoring also aims to help people adapt during key moments, whether they relate to integration into the workplace or transition periods. It also helps boost the development of the bank's strategic challenges.

CaixaBank's commitment to mentoring as a support tool began in 2017 as a result of the bank's desire to take action throughout different points in people's employment cycle and support them in their professional development.

Since then, CaixaBank has launched 495 mentoring programmes, with a special focus on those relating to gender diversity. During this chapter, CaixaBank aims to increase the percentage of women in management and/or key positions and identifies those who are highly skilled in order to support them in their professional development, providing them with a female mentor who acts as a point of reference and who shares her real-life experience with them.

Professionalisation in processes and tools

CaixaBank has professionalised the process and tools for mentoring and currently has a network of certified mentors who provide an excellent experience in each edition of every programme.

The bank is committed to the personal and professional development and growth of its employees, as the mentoring programmes are offered throughout their professional careers.

The mentoring programmes also contribute to mutual learning, accelerating development and achieving new strategic challenges. With its diversity mentoring programmes, CaixaBank contributes to building a better, more diverse, and inclusive society. 

Wengage, CaixaBank's commitment to equality

Diversity, meritocracy, equal opportunity, and talent recognition are some of the pillars of CaixaBank's corporate culture. Under these premises, it works with a commitment to be a pacesetter for its workforce, promoting inclusion and participation and bolstering projects that promote equality, both within the company and across the whole of society. In fact, women hold 43% of managerial positions at CaixaBank, and 40% of the Board of Directors is comprised of women.

CaixaBank a diversity programme called Wengage, a Group-wide project developed by people from every area of the company. Based on meritocracy and on promoting equal opportunity, it works to encourage and implement every aspect of diversity: gender, functional, generational, LGBTI, cultural and more. Wengage counts with both internal and external measures.

About AENOR

AENOR contributes to the transformation of society by building trust between organisations and people through the assessment of conformity (certification, inspection and tests), training and information. It is the leading trust-building entity in Spain; more than 85,000 work centres worldwide have an AENOR certification in areas such as Quality Management Sustainability, Non-Financial Information Verification, Animal Welfare, Occupational Health and Safety, Digitalisation and Compliance.

AENOR's competitive advantages include the highest brand recognition among both companies (B2B) and consumers (B2C); having its own staff, which allows it to manage the accumulated knowledge for the benefit of its clients; innovating to resolve new competitive gaps through its proximity to sources of knowledge; and its geographical and sectoral diversity.

AENOR is a global company with operations in 87 countries. It has 19 offices in Spain, with in-house auditors, across all the autonomous communities, and a continued presence in 12 other countries, mainly in Latin America and Europe.

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CaixaBank has become the first Spanish company to obtain the AENOR certification for its mentoring programme. The leading trust-building institution has carried out an exhaustive audit process that has culminated in CaixaBank obtaining this seal, which accredits the bank's commitment to the highest standards of excellence in its mentoring and development programmes.

The Director of AENOR's Mediterranean Region, Ángel Luis Sánchez Cerón, presented the certificate to CaixaBank's Director of Culture and Selection, Anna Quirós, at a ceremony held at the bank's corporate headquarters in Barcelona, which was also attended by the Director of AENOR in Catalonia, Jordi Martín.

Throughout the audit, AENOR analysed the process, programme structure, selection of providers and participants, communications, training content, materials, and guides, as well as the mentoring module for the management and recording of the process in the HR information system, progress monitoring, incident resolution, programme evaluations, attendance and usage, analysis of results, mentoring community, post-programme offering and the HR team.

Through this support tool, CaixaBank seeks to develop its workforce, paying special attention to critical groups. This mentoring also aims to help people adapt during key moments, whether they relate to integration into the workplace or transition periods. It also helps boost the development of the bank's strategic challenges.

CaixaBank's commitment to mentoring as a support tool began in 2017 as a result of the bank's desire to take action throughout different points in people's employment cycle and support them in their professional development.

Since then, CaixaBank has launched 495 mentoring programmes, with a special focus on those relating to gender diversity. During this chapter, CaixaBank aims to increase the percentage of women in management and/or key positions and identifies those who are highly skilled in order to support them in their professional development, providing them with a female mentor who acts as a point of reference and who shares her real-life experience with them.

Professionalisation in processes and tools

CaixaBank has professionalised the process and tools for mentoring and currently has a network of certified mentors who provide an excellent experience in each edition of every programme.

The bank is committed to the personal and professional development and growth of its employees, as the mentoring programmes are offered throughout their professional careers.

The mentoring programmes also contribute to mutual learning, accelerating development and achieving new strategic challenges. With its diversity mentoring programmes, CaixaBank contributes to building a better, more diverse, and inclusive society. 

Wengage, CaixaBank's commitment to equality

Diversity, meritocracy, equal opportunity, and talent recognition are some of the pillars of CaixaBank's corporate culture. Under these premises, it works with a commitment to be a pacesetter for its workforce, promoting inclusion and participation and bolstering projects that promote equality, both within the company and across the whole of society. In fact, women hold 43% of managerial positions at CaixaBank, and 40% of the Board of Directors is comprised of women.

CaixaBank a diversity programme called Wengage, a Group-wide project developed by people from every area of the company. Based on meritocracy and on promoting equal opportunity, it works to encourage and implement every aspect of diversity: gender, functional, generational, LGBTI, cultural and more. Wengage counts with both internal and external measures.

About AENOR

AENOR contributes to the transformation of society by building trust between organisations and people through the assessment of conformity (certification, inspection and tests), training and information. It is the leading trust-building entity in Spain; more than 85,000 work centres worldwide have an AENOR certification in areas such as Quality Management Sustainability, Non-Financial Information Verification, Animal Welfare, Occupational Health and Safety, Digitalisation and Compliance.

AENOR's competitive advantages include the highest brand recognition among both companies (B2B) and consumers (B2C); having its own staff, which allows it to manage the accumulated knowledge for the benefit of its clients; innovating to resolve new competitive gaps through its proximity to sources of knowledge; and its geographical and sectoral diversity.

AENOR is a global company with operations in 87 countries. It has 19 offices in Spain, with in-house auditors, across all the autonomous communities, and a continued presence in 12 other countries, mainly in Latin America and Europe.

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<![CDATA[CaixaBank has extended its financial services to almost 500 new towns in rural areas in the past two years]]> https://blog.caixabank.es/?p=23645 2024-01-22T11:00:00.0Z 2024-01-22T11:00:00.0Z <![CDATA[CaixaBank has extended its financial services to almost 500 new towns in rural areas in the past two years]]>  

CaixaBank extended the coverage of its financial services network in 2022 and 2023 to a total of 484 new towns in rural areas where the bank previously had no presence. These service points have been incorporated through the arrival of new mobile branches and the installation of ATMs.

Out of these 484 towns, 90 municipalities were included in the “Report on Financial Inclusion in Spain”, which identified a total of 243 towns with more than 500 inhabitants where there was no access to face-to-face banking services. Of these 90 towns, 55 were covered through mobile branches and 35 through CaixaBank's ATMs.

Banking associations AEB, CECA and UNACC agreed a roadmap in October 2022 to reinforce financial inclusion in rural areas, with the aim of ensuring face-to-face access to banking services in all Spanish towns and villages, with priority being given to those with no face-to-face access.

Banks, aware of the need to give small towns and villages access to basic services, including financial services, worked to strengthen their presence in areas at risk of financial exclusion and to expand coverage in rural areas. Thus, the “Report on Financial Inclusion in Spain” identified a total of 243 municipalities with more than 500 inhabitants and no access to face-to-face banking services.

Thanks to the actions carried out by all entities within the public-private collaboration, a roll-out of financial services and ongoing tendering processes has been achieved, reaching more than 90% of the 243 municipalities identified.

As part of the efforts of the sector, CaixaBank, Spain's leading financial institution, has covered almost 40% of the total number of towns and villages identified in the “Report on Financial Inclusion in Spain”.

In the last two years, the bank has gone beyond this commitment and has extended its financial services to another 394 municipalities, reaching a total of 484 new municipalities in rural areas by 2023. 

Main network of branches and ATMs

CaixaBank has the most extensive network of branches and ATMs in Spain, offering service in all types of towns and cities, both large and small. Specifically, CaixaBank's branch network of close to 4,000 branches, offers a customised service to its customers. This means a physical branch presence in more than 2,230 municipalities. This network enables the bank to reach practically every corner of the country and be the only financial institution in 483 municipalities, with a commitment to not abandoning this service.

In parallel to its branch network, CaixaBank has mobile branches, providing face-to-face services to a total of 783 rural towns. With the start of 2024, CaixaBank has increased the financial services it provides through its mobile branches by 23% when compared to the beginning of 2023, when the service reached 636 towns. This represents an 82% increase compared to the 430 towns at the end of 2021.

This service allows users, whether they are customers of the bank or not, to carry out the most common banking transactions, including withdrawing cash, making deposits and paying bills and taxes in locations without a bank branch or with restrictions that limit access to financial services.

In addition, CaixaBank gives coverage through ATMs to almost 300 rural populations.

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CaixaBank extended the coverage of its financial services network in 2022 and 2023 to a total of 484 new towns in rural areas where the bank previously had no presence. These service points have been incorporated through the arrival of new mobile branches and the installation of ATMs.

Out of these 484 towns, 90 municipalities were included in the “Report on Financial Inclusion in Spain”, which identified a total of 243 towns with more than 500 inhabitants where there was no access to face-to-face banking services. Of these 90 towns, 55 were covered through mobile branches and 35 through CaixaBank's ATMs.

Banking associations AEB, CECA and UNACC agreed a roadmap in October 2022 to reinforce financial inclusion in rural areas, with the aim of ensuring face-to-face access to banking services in all Spanish towns and villages, with priority being given to those with no face-to-face access.

Banks, aware of the need to give small towns and villages access to basic services, including financial services, worked to strengthen their presence in areas at risk of financial exclusion and to expand coverage in rural areas. Thus, the “Report on Financial Inclusion in Spain” identified a total of 243 municipalities with more than 500 inhabitants and no access to face-to-face banking services.

Thanks to the actions carried out by all entities within the public-private collaboration, a roll-out of financial services and ongoing tendering processes has been achieved, reaching more than 90% of the 243 municipalities identified.

As part of the efforts of the sector, CaixaBank, Spain's leading financial institution, has covered almost 40% of the total number of towns and villages identified in the “Report on Financial Inclusion in Spain”.

In the last two years, the bank has gone beyond this commitment and has extended its financial services to another 394 municipalities, reaching a total of 484 new municipalities in rural areas by 2023. 

Main network of branches and ATMs

CaixaBank has the most extensive network of branches and ATMs in Spain, offering service in all types of towns and cities, both large and small. Specifically, CaixaBank's branch network of close to 4,000 branches, offers a customised service to its customers. This means a physical branch presence in more than 2,230 municipalities. This network enables the bank to reach practically every corner of the country and be the only financial institution in 483 municipalities, with a commitment to not abandoning this service.

In parallel to its branch network, CaixaBank has mobile branches, providing face-to-face services to a total of 783 rural towns. With the start of 2024, CaixaBank has increased the financial services it provides through its mobile branches by 23% when compared to the beginning of 2023, when the service reached 636 towns. This represents an 82% increase compared to the 430 towns at the end of 2021.

This service allows users, whether they are customers of the bank or not, to carry out the most common banking transactions, including withdrawing cash, making deposits and paying bills and taxes in locations without a bank branch or with restrictions that limit access to financial services.

In addition, CaixaBank gives coverage through ATMs to almost 300 rural populations.

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