Press Room
Grupo Cooperativo Cajamar placed a senior preferred debt issue for €500 million with a six-year maturity.... (Read more)
Grupo Cooperativo Cajamar has reached €105.012 billion in managed business volume and has continued to improve its commercial activity.... (Read more)
Fitch Ratings has upgraded Grupo Cooperativo Cajamar's Long-term Issuer Default Rating, motivated by structural improvements in profitability and capitalization, as well as asset quality.... (Read more)
The momentum and resilience of financial activity drove double-digit growth in all income statement margins, helping to improve profitability and efficiency while keeping capital adequacy at solid levels.... (Read more)
S&P Global Ratings has upgraded Banco de Crédito Social Cooperativo and Cajamar Caja Rural's rating to investment grade (BBB-) with a stable outlook from (BB+), driven by Grupo Cooperativo Cajamar's solid solvency position, increased capitalization and rising profitability.... (Read more)
The rating agency DBRS Morningstar has raised the long-term rating outlook of Banco de Crédito Social Cooperativo (BCC), Cajamar and Grupo Cooperativo Cajamar from stable to positive, reaffirming the level of BBB (low). In this review, it has considered the significant improvement in profitability over the recent quarters, the strengthening of its capitalization and the normalization of the cost of risk.... (Read more)
Income statement margins show double-digit growth, and all ratios are improving, showcasing improved efficiency, strengthening capital adequacy and higher profitability.... (Read more)
Grupo Cajamar has placed today, through the Banco de Crédito Social Cooperativo, a senior preferred debt issue for an amount of 500 million euros with a maturity of six years, and the orders received have exceeded 2.1 billion euros, 4.2 times more. Given the good reception of the market, the placement price of the issue has been set at 4,2 %, below the starting price.... (Read more)
In the first six months of the year, all the income statement margins show double-digit growth, contributing to an increase in capital adequacy and an improvement in efficiency, while also reinforcing the quality and diversification of the Group’s loan portfolio, lowering its risk profile and keeping its NPL ratio one of the lowest among the top Spanish banks.... (Read more)
Fitch Ratings has assigned Cajamar, Banco de Crédito Social Cooperativo and Grupo Cooperativo Cajamar a BBB- (investment grade) rating with a stable outlook.... (Read more)
In the first three months of the year, the strong numbers seen in Grupo Cooperativo Cajamar's commercial activity and in recurring revenue from the financial business, both in on-balance sheet funds and in performing loans, lifted all income statement margins, which recorded double-digit growth and allowed improvements in solvency, the cost-income ratio and the profit margin.... (Read more)
The rating agency S&P has raised, from stable to positive, the outlook for the long-term rating of Banco de Crédito Social Cooperativo (BCC) and Cajamar, affirming the BB+ level. For this increase in the long-term rating outlook, S&P has taken into account “the return of more solid profits, ability to build up capital internally and to invest in their digital transformation.”... (Read more)
Grupo Cooperativo Cajamar once again revalidates its leadership position for its performance in climate change and corporate transparency. This is recognized by the environmental organization CDP by granting it the highest 'Leadership' category, with an 'A' rating on its annual list. It thus becomes one of the few qualified companies that have achieved this score. Specifically in Spain, only 17 companies have achieved the maximum rating, including two financial entities, one of which is Grupo Cajamar.... (Read more)
In 2023, Grupo Cooperativo Cajamar increased its income statement, reflecting the solid advances seen in financial activity, which contributed to the rise in core banking business revenue and improved its credit quality. At year-end, it had completed the cleanup of non-performing assets, bringing the NPL ratio down to 2 %, one of the lowest amongst major banks, while strengthening coverage levels and provisions, and enhancing its solvency.... (Read more)
Cajamar Caja Rural has completed the placement of a new issue of covered bonds for an amount of 600 million euros and maturity on July 25, 2029 (5.5 years). The orders received have surpassed 875 million euros.... (Read more)
The agency notes that the upgrade reflects the enhanced quality of the Group’s assets and its strong capital position... (Read more)
P&L growth and an improvement in credit quality have further strengthened the Group's position based on prudent management, with an increase in provisions and an improvement in solvency and liquidity.... (Read more)
The demand has been in excess of 1,500 million euros, with more than 170 orders from institutional investors.... (Read more)
The profit and loss statement reflects the positive trend in recurring income, the steady improvement in portfolio credit quality and the strengthening of the Group’s solvency and liquidity position... (Read more)
The agency anticipates that Grupo Cooperativo Cajamar will continue to improve its earning capacity, profitability and efficiency, while preserving its asset quality.... (Read more)
The European Investment Bank (EIB) and Grupo Cooperativo Cajamar have signed a purchase agreement of a €350 million covered bond issue. The transaction enables the cooperative bank Cajamar to make up to €784 million in financing available to support investment in projects of small and medium-sized enterprises (SMEs) and mid-caps, especially those operating in rural areas, including those with links to the agri-food sector, and up to €196 million to accelerate the green transition.... (Read more)
An increase in sales activity and continuing improvements in asset quality help further clean up the balance sheet and bolster provisions, while boosting liquidity.... (Read more)
Cajamar Caja Rural has completed the placement of a new issue of 5-year mortgage covered bond, maturing on 16 of February of 2028. The amount of the issue has been 750 million euros and the orders received have surpassed 1,600 million euros, with demand exceeding supply by 2.2 times.... (Read more)
Highlights of the year are the recovery in revenue from the core banking business, the reduction of non-performing assets and the NPL ratio, the strengthening of coverage and provisions, and the improvement in solvency.... (Read more)
The CDP organisation has given Grupo Cooperativo Cajamar an “A” rating for its corporate transparency and climate change performance, one of the few companies to have earned that distinction of the more than 15,000 enterprises rated.... (Read more)
The recovery in recurring income and progressive reduction of non-performing assets contributed to a strengthened balance sheet and lower NPL ratio, allowing comfortable capital adequacy levels and ratios in the third quarter of 2022.... (Read more)
Grupo Cooperativo Cajamar has further expanded its commitment to sustainability by joining the Net-Zero Banking Alliance (NZBA), convened by the United Nations Environment Programme Finance Initiative (UNEP FI), of which the Group is a founding signatory. Under the NZBA, Grupo Cajamar undertakes to achieve net-zero operational greenhouse gas emissions by 2050 as a consequence of their activity; and will align its lending and investment portfolios with pathways to net-zero, while prioritising client engagement and offering products and services that will support clients’ transition towards a low-carbon economy.... (Read more)
As a result of Grupo Cajamar’s prudent management approach, in which balance sheet quality improvement takes priority and a substantial proportion of revenue from the business, specifically €238 million, has been used to fund provisions and write-downs and impairment of financial and non-financial assets, consolidated net profit, amounting to €50.1 million, is down 12.3% year-on-year in the second quarter of this year.... (Read more)
Growth of commercial activity and reduction of non-performing assets at 31 of March, 2022 contribute to improvement in the balance sheet and increases in coverage and provisions, and in solvency.... (Read more)
Financial activity, in terms of contribution to public coffers in the form of taxes and Social Security contributions, represents an impact of €3,854.2 million.... (Read more)
Income generation and a paring back of non-performing assets (NPA) contribute to boosting coverage, provisions and solvency.... (Read more)
Grupo Cooperativo Cajamar has received the ‘Top Rated’ distinction that accredits it among the 50 companies with the best global rating for its management of environmental, social and corporate governance (ESG) risks, granted by the Sustainalytics agency after having rated more than 14,000 companies from 42 sectors. In turn, this recognition has allowed it to obtain three differentiating seals that place it as a reference entity at a Global level (ESG Global 50), at a regional level (ESG Regional) -European- and at an industrial level (ESG Industry) -banking industry-.... (Read more)
Revenue generation and a decrease in non-performing assets key to the successful management of the organisation this year, while higher provisions and coverage were set aside and solvency also improved.... (Read more)
Banco de Crédito Social Cooperativo-Grupo Cajamar today placed its first issue of senior preferred debt in a total amount of 500 million euros, maturing in March 2028, with demand reaching 1.6 billion euros. In view of the enthusiastic market reception, the coupon was finally set at 1.75%, lower than originally planned.... (Read more)
Decent business performance and extraordinary transactions in the first half of the year allow group to bolster provisions and coverage, continue to pare back non-performing assets and boost solvency.... (Read more)
Grupo Cooperativo Cajamar has sold a Real Estate Portfolio (REO) composed of 6,000 assets with a total Face Value of c.€500 million to a subsidiary of Cerberus Capital Management, L.P. (“Cerberus”).... (Read more)
Banco de Crédito Social Cooperativo-Grupo Cajamar today issued 600 million euros of subordinated debt maturing in November 2031, with demand exceeding 1.8 billion euros. The issuer is entitled to cancel the issue before maturity, between May and November 2026.... (Read more)
Solid performance in its business fundamentals allows the Group to set aside €512 million —more than its entire gains on financial transactions— to expand coverages, provisions and impairments, and continue paring non-performing assets and strengthening its solvency.... (Read more)
Its balance sheet and income statement at 31 December 2020 point to the business performing better, more lending, a rise in retail funds, a decrease in non-performing assets, a reduction in foreclosed assets, a smaller NPL ratio, higher NPA coverage ratio and greater solvency.... (Read more)
Grupo Cooperativo Cajamar has obtained the Leadership category from the international organization Carbon Disclosure Projet (CDP), with an A- assessment that positions it among the leading and most advanced companies for its performance and transparency of its environmental management.... (Read more)
The Group has supported customers affected by the pandemic with new financing and moratoria. Results as of September 30 reflect the solid business evolutions, the decline in the NPL ratio and non-performing loans and the increase in capital, improving the solvency and CET1 ratios.... (Read more)
Grupo Cooperativo Cajamar has received the second best global rating, only behind Rabobank, out of the 378 entities included in the diversified banking sub-industry (retail banking) ranking, granted by Sustainalytics, an international benchmark in the issuance of sustainability rating reports.... (Read more)
The first half of 2020 stands out the business perform well, with efficiency gains, a decrease in the NPL ratio and in non-performing assets and capital levels remaining at comfortable levels, both as measured by the capital adequacy ratio and by the CET1 ratio.... (Read more)
Eduardo Baamonde brought Cajamar's Annual General Assembly to a close at noon today, during which he was re-elected as chairman for another four-year term of office. Baamonde underscored the success and forward-looking vision of the corporate banking model that the bank has been the flagbearer of in Spain for four decades: "We mustn't lose sight of the fact that the banking business is based on trust and trust is only won over time, founded on consistency and coherence between words and action".... (Read more)
For the third month running, Grupo Cajamar's banks will pay state and Social Institute of the Navy pensions early, 22 May, to all customers who have arranged for their pensions to be deposited with Grupo Cajamar. The aim is to help protect the health of the elderly, extending the period at the end of the month when enquires concerning these payments tend to be made and paperwork completed.... (Read more)
The cooperative bank Cajamar has improved its margins, pared back non-performing assets, maintained its solvency and further cleaned up its balance sheet in light of the prevailing uncertainty. Turn from the moment the coronavirus pandemic hit, Cajamar has put economic and social measures in place to help businesses, the self-employed, households and the elderly survive the crisis.... (Read more)
These loans and special lines of credit are geared towards the payment of bills, wages, cash flow or other liquidity needs, including tax or financial liabilities. We are offering very special conditions, with a capital grace period of up to one year and a repayment term of up to 5 years.... (Read more)
Cajamar has signed up to the SICNOVA platform, which is spearheading a national collaboration project to print face masks and visors in 3D and get them out to our health and care workers free of charge.... (Read more)
As of next Monday, Cajamar will not charge for cash withdrawals made from ATMs owned by other banks during the exceptional circumstances caused by the COVID-19 pandemic.... (Read more)
The rating agency explains that the improvement "reflects the Group's success in the sustained and accelerated reduction of problem assets in the last three years, which has also contributed to an improvement in its capitalisation".... (Read more)
The cooperative bank, Cajamar, has improved its margins, increased lending to businesses and the agri-food sector, pared back its problem assets, bolstered coverage and increased its solvency, based on consolidated earnings at 31 December 2019. Also, it demonstrated its commitment to the sustainable economy having signed up to the United Nations Principles for Responsible Banking, being declared 'carbon neutral', and establishing new 'green' finance.... (Read more)
Turnover growth and a reduction in non-performing assets and foreclosed assets, and lower operating expenses combine to drive up the bottom line, boost efficiency and bolster solvency in the third quarter of the year.... (Read more)
Grupo Cooperativo Cajamar entities agree to align their business model with Sustainable Development Goals and Paris Agreement... (Read more)
Growth in turnover and revenue, the reduction of non-performing risks and foreclosed assets, and the containment of operating expenses raised capital adequacy and improved the cost-to-income ratio in the first half of the year... (Read more)
In the first quarter of this year, Grupo Cooperativo Cajamar, the leader in cooperative banking in Spain, increased its lending to businesses and the agri-food sector and expanded its sales of retail savings and investment products, while improving its solvency and the quality of its balance sheet.... (Read more)
Luis Rodríguez, chairman of Banco de Crédito Social Cooperativo-Grupo Cajamar, said today that the United Nation Environment Programme's Principles for Responsible Banking are in line with the business model and ethical management system of the Grupo Cooperativo Cajamar.... (Read more)
Solvency and asset quality have improved over the last year, as have business fundamentals and efficiency and recurring net income before provisions deriving from higher net interest income and lower administrative expenses... (Read more)
The EIB Group, BCC-Grupo Cajamar and ICO are joining forces to ensure that SMEs working in rural areas and agri-food companies can access the credit they need to invest... (Read more)
Lending up 10.4%, especially to companies, the self-employed and the agri-food sector in the first nine months of the year than in the same period of the previous year... (Read more)
Assets under management have increased, while non-performing assets and non-performing loans have decreased... (Read more)
Grupo Cooperativo Cajamar has sold a portfolio of 1,222 business loans with mortgage collateral, in the amount of approximately 308 million euros, to Link Financial Group. Grupo Cajamar continues to increase sales of distressed assets and to reduce non-performing assets, which at the end of the first quarter of 2018 are down 3 percentage points year-on-year.... (Read more)
Cajamar Caja Rural has completed the placing of a new issue of five-year mortgage covered bonds maturing on 18 June 2023. With an issue amount of 500 million euros and orders totalling close to 950 million euros, the offer was 1.8 times oversubscribed.... (Read more)
The volume of new lending – mainly to the agri-food sector, small and medium-sized enterprises and the self-employed – is up 12%, and the increase g year-on-year in performing loans is up 4.2% at 1.141.million euros in the first quarter of 2018 to 28.413 million euros.... (Read more)
Thanks to the commercial strategy pursued during 2017, Grupo Cooperativo Cajamar has been able to attract more customers, boost customer loyalty, grant more credit, grow the volume of managed customer funds and continue to gain market share. New lending grows 32%, mainly in the agrifood , SME and self-employed segments.... (Read more)
In recent weeks it sold two portfolios, one of foreclosed properties and another of defaulted loans, bringing the volume of problem assets sold in the year to date to 791 million euros.... (Read more)
At 30 September, Grupo Cooperativo Cajamar posted a consolidated profit of 67.4 million euros, 33.4% more than for the same period of the previous year, thanks to year-on-year growth in net interest income of 0.4% to 421.8 million euros. This improvement was fuelled by an increase in sight deposits – now accounting for 70% of total customer deposits – and a reduction in interest rates on new term deposits, helping to cut finance costs at a time of historically low interest rates.... (Read more)
At 30 June, Grupo Cooperativo Cajamar has a consolidated net profit of 44.3 million euros, 25.1% more than for the same period of the previous year, thanks to net interest income of 292.8 million euros, up 2.8% year-on-year... (Read more)
Grupo Cooperativo Cajamar achieved a consolidated net profit of 24.7 million euros in the first quarter of 2017, 81.2% more than the same period last year... (Read more)
Grupo Cooperativo Cajamar has obtained a profit of 76.1 million euros, 8.4% higher than the previous year, thanks to the increase of gross income by 6.6%, up to 1,013.4 million euros; a growth of 2.8% of net interest income excluded from the carry-trade, despite the scenario of minimum interest rates; and the credit weakness.... (Read more)
Grupo Cooperativo Cajamar
Communications Department
950 21 03 86 | comunicacion@grupocooperativocajamar.com
@PrensaCajamar
