Corporate

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.

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.

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.

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.

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".

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.

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.