Corporate
2020
"Trust in banking is founded on consistency and coherence between words and action"
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...)
2020
Grupo Cajamar brings forward unemployment benefit payments to 3 June
For the third month running, the cooperative bank Cajamar has brought forward unemployment benefit payments to its customers to 3 June at no cost to them. This measure, which sees customers being paid a week earlier than normal, has been introduced to help them deal with the effects of the coronavirus crisis and also ensure withdrawals of the cash needed are more gradual.... (read more...)
2020
Grupo Cajamar brings pension payments forward to 22 May
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...)
2020
Grupo Cajamar posts net profit of €17.26 million, down 29.9% following further clean-up
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...)
2020
Grupo Cajamar customers can get an advance on their unemployment benefits, on 4 May.
Grupo Cajamar customers can get an advance on their unemployment benefits, which will be credited on 4 May. The aim of this measure, which brings the payment date forward by one week, is to help soften the effects of the coronavirus crisis and ensure that essential cash withdrawals are carried out in a staggered way.... (read more...)
2020
Cajamar offers one-year grace periods on special finance facilities for businesses and the self-employed
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...)
2020
Cajamar signs up to manufacture face masks and visors using 3D printers
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...)
2020
Free cash withdrawals from ATMs owned by other banks during the State of Emergency
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...)
2020
Fitch upgrades the rating of Grupo Cooperativo Cajamar, Cajamar and Banco de Crédito Social Cooperativo to 'BB' with a stable outlook
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...)
2020
Grupo Cajamar posts net profit of €92.5 million, up 12.5%, and strengthens balance sheet
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...)
2019
Grupo Cajamar drives up profit to ¤82 million,17.2 % higher thanks to improved business performance
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...)
2019
Grupo Cajamar ratifies its support for United Nations Principles for Responsible Banking
Grupo Cooperativo Cajamar entities agree to align their business model with Sustainable Development Goals and Paris Agreement... (read more...)
2019
Grupo Cajamar raised its income by 4.1%, to ¤47 million, on the strength of the corporate business and agri-food sector
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...)
2019
Grupo Cooperativo Cajamar endorses the Principles for Responsible Banking
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...)
2019
Grupo Cooperativo Cajamar allocates 87% of its new lending to agri-food sector and enterprises in 2018
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...)
2018
EIB, EIF and ICO sign an agreement with Grupo Cajamar to provide over EUR 1bn to SMEs and the self-employed
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...)
2018
Grupo Cooperativo Cajamar posts improved key business, capital, efficiency and asset quality figures
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...)
2018
Grupo Cooperativo Cajamar improves income, profits, solvency and efficiency
Assets under management have increased, while non-performing assets and non-performing loans have decreased... (read more...)
2018
Grupo Cajamar sells 308 million euro loan portfolio
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...)
2018
Cajamar places new 500 million euro issue of mortgage covered bonds
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...)
2018
Grupo Cooperativo Cajamar posts net profit of 80 million euros in 2017, up 5.1%
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...)
2017
Grupo Cooperativo Cajamar has increased its sales of real estate foreclosed assets by 55% and has reduced the balance of non-performing loans by 16.9%
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...)
2017
Grupo Cooperativo Cajamar posts profit of 67.4 million euros, up 33.4%
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...)
2017
Grupo Cooperativo Cajamar posts profit of 44.3 million euros, up 25.1%
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...)
2017
Grupo Cooperativo Cajamar recorded a net profit of 24.7 million euros, a 81.2% increase
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...)
2017
Grupo Cooperativo Cajamar increases its net profit by 8.4% in 2016, reaching 76.1 million euros
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
Gabinete de Comunicación
950 21 03 86 | comunicacion@grupocajamar.com
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