Corporate

Grupo Cooperativo Cajamar posted a consolidated net profit stood at €349 million, representing a year-on-year increase of 6.8%.

The growth in gross income and moderate increase in operating expenses support a strong set of results, enabling the Group to strengthen its capital position, maintain profitability and improve efficiency.

Demand has reached more than 1.6 billion euros, 2.1 times higher.

DBRS Morningstar has raised the long-term issuer ratings of Banco de Crédito Social Cooperativo (BCC), Cajamar, and Grupo Cooperativo Cajamar to BBB, from BBB (low)

Grupo Cooperativo Cajamar’s commercial activity continued its positive trend in the first half of the year, taking total business volume to €108,370 million.

Grupo Cooperativo Cajamar placed a senior preferred debt issue for €500 million with a six-year maturity.

Grupo Cooperativo Cajamar has reached €105.012 billion in managed business volume and has continued to improve its commercial activity.

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.

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.

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.