This morning, Cajamar Caja Rural held its Ordinary General Assembly of Delegates, where the president, Eduardo Baamonde, and the manager director, Sergio Pérez, presented the results for 2025, as well as the objectives for the coming years.
In his opening address, Baamonde informed the members of the institution's remarkable performance in 2025, despite the complex international context, and indicated that "we have not only broken our record for results again, but we have also improved all our key performance indicators: profitability, solvency, NPL ratio and coverage ratios". He added that Grupo Cajamar's performing loans increased by 9.2%, with a prominent role in the agri-food sector where, despite strong competition, it continued to increase its financing to the primary sector, achieving a national market share of 15.2%. Thus, "we reaffirm our leading position and commitment to providing financial support to a sector that is key to the development of our country's economy", Baamonde stated.
The president of Cajamar pointed out that “these results would not have been possible without the clearest demonstration of confidence in our institution, which comes from our customers, whose numbers have increased by almost 2%". He also highlighted the growth recorded “in all segments: individuals and businesses, both small, medium, and large. This confirms our commitment to the productive economy, supported by our local model and our dedication to generating value and fostering economic and social development".
Baamonde emphasized that, despite 2025 being a year fraught with uncertainty, “we have closed one of the best years in our history. Undoubtedly, this is because the right decisions were made, diversifying our business and broadening our horizons. All of this was achieved without losing our identity or our purpose. Demonstrating that it is possible to grow without ceasing to be what we are: a credit cooperative at the service of the economic and social development of our members and clients". “Proof of this", he indicated, “is our contribution to the national GDP, which has been €13.381 billion and 196,633 jobs", both directly through the Group's activity and indirectly through lending to businesses and families.
Serving our customers with a personal touch
During his speech, he recalled that three days prior, on April 20th, the bank celebrated the 60th anniversary of the opening of the first branch of Caja Rural Provincial de Almería – now Cajamar – a milestone that symbolizes its history, its cooperative roots, and “the commitment of our banking business model as an instrument for economic and social development and, as has always been the case, to the progress of individuals, businesses, and regions".
Eduardo Baamonde emphasized the bank's support for rural areas and its contribution to financial inclusion, noting that “44.3% of our branches are located in towns with fewer than 10,000 inhabitants, and a third of them in towns with fewer than 5,000".
The president of Cajamar has announced that “the institution will continue its growth and diversification with the opening of 11 new branches". Ten branches, which will be added to the four opened in 2025, and a mobile branch in Málaga, which, together with the four launched last year and the existing ones, will bring the total to 13, providing financial services in 94 small towns and villages in the provinces of Alicante, Almería, Castellón, Cuenca, Málaga, and Valencia.
In turn, the cities of A Coruña, Barcelona, Mairena del Aljarafe (Seville), Madrid, Pozuelo de Alarcón (Madrid), Vigo (Pontevedra), Vilanova i la Geltrú (Barcelona), and Zaragoza are the locations chosen to add customer service points to those already existing in these towns or to begin offering physical services in others.
The president of Cajamar explained that, “thanks to the improvement in our results, we continue to strengthen our Education and Promotion Fund and promote the generation and transfer of knowledge in the agri-food sector". He recalled that in 2025, “we celebrated the 50th anniversary of our Cajamar ‘Las Palmerillas’ Experimental Station, a true catalyst for the fruit and vegetable model of southeastern Spain and the seed of the sector's growth, and consequently, of the institution itself. To mark the occasion, we organized a series of activities throughout the year, the main objective of which was to highlight our commitment to the generation and transfer of knowledge in the agri-food sector. These activities culminated in a visit by Queen Letizia to the Station. This event not only recognized the trajectory of a pioneering center but also highlighted the effort and dedication of those who have contributed to making the Cajamar ‘Las Palmerillas’ Experimental Station a national and international benchmark in the field of intensive agriculture and applied innovation".
2025 Financial Statement
During the Ordinary General Assembly of Delegates, in which the management report and individual accounts for the 2025 financial year were approved, Cajamar's manager director, Sergio Pérez, presented a detailed overview of the entity's financial activity.
He explained that "the year-end balance reached €54,918 million, and the consolidated profit after tax, at €324 million, increased by 18.8% year-on-year – €349 million was the consolidated profit after tax of the Cajamar Cooperative Group. This growth was primarily driven by recurring income from core banking activities, which totaled €311 million, 7% more than in 2024." He also mentioned that gross retail lending "amounted to €29,663 million".
Pérez affirmed that “these achievements, the result of a strategy focused on sustainability and operational efficiency, reflect our ability to adapt to complex global scenarios and strengthen our position within the Spanish financial system". He added that “Cajamar’s strength and stability have been recognized by the leading credit rating agencies, which have awarded us an investment-grade rating and placed our outlook at ‘stable’ or ‘positive’ levels: a clear demonstration of confidence in our project".
The manager director of Cajamar recalled the opening last year of four new branches in expansion areas: Pollença (Mallorca), Los Palacios y Villafranca (Seville), Vilagarcía de Arousa (Pontevedra), and San Sebastián (Guipúzcoa). With the opening of this last branch, Cajamar became the first credit union with a physical presence in every Spanish province and autonomous city. He also explained that “four mobile branches were launched to continue providing financial services in towns where no other institution exists and to promote financial inclusion".
Sergio Pérez expressed his appreciation to the bank's professionals for “their dedication, trust, and effort, which have been fundamental to completing such a demanding year, and this year will undoubtedly be even more challenging than the last". He noted that “the beginning of 2026 calls for us to remain prudent, building on the strength gained during 2025 thanks to adaptation, financial discipline, and prudent and responsible management in a challenging international environment. We rely on the professionalism, innovative spirit, and commitment of our team to face the future with optimism and rigor, driving sustainable growth, continuous efficiency improvement, and decisive progress in digital and technological transformation. At Cajamar, we are convinced that technology not only streamlines processes but also brings people closer together and multiplies possibilities".
In his closing remarks, Baamonde delivered a pro-European message, stating that in the face of current geopolitical uncertainty, “we must all contribute to promoting the recovery of Europe’s leadership, because only in this way can we maintain the leadership of our companies and our social standards".
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