Corporate

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.

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.

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.

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.

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".

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.

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.

Grupo Cooperativo Cajamar entities agree to align their business model with Sustainable Development Goals and Paris Agreement

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

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.