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Cajamar Caja Rural, Sociedad Cooperativa de Crédito is the result of a merger in the year 2000 between Caja Rural de Almería and Caja Rural de Málaga, two banking entities that began operating in 1966 and which had previously integrated the Campo de Cartagena agricultural cooperative and rural savings bank in Murcia (1989) and the Grumeco credit cooperative in Madrid (2000).
Caja Rural del Duero, which dates back to 1913, merged in 2007, followed by the merger with Caixa Rural de Balears, set up in 1972, in 2010; Caja Campo of Valencia, set up in 1964, in 2011; Caja Rural de Castellón, which dates back to 1903, in 2012; and Ruralcaja, whose activity as a credit cooperative dates back to 1946 (Caja Rural de Valencia), 1951 (Caja Rural de Alicante) and 1923 (Credicoop in Valencia). Caja Rural de Canarias, founded in 1978; Crèdit València, set up in 2001; Caja Rural de Casinos, which started its activity in 1970; and Caixa Albalat, which started its activity in 1999, merged in 2013 and 2018 respectively.
Before the year 2000, Caja Rural de Almería had expanded its activity to the Region of Murcia (1989) and to Barcelona (1990), while Caja Rural de Málaga had a few branches in the province of Cádiz (1990), Madrid (1992), Melilla (1996) and Ceuta (1998). From the year 2000 onwards, already as Cajamar Caja Rural, the process of national expansion began: Valencian Community and Castilla-León (2003), Aragon and Castilla-La Mancha (2006), Balearic Islands (2007), Cantabria (2008), Asturias (2009), Navarra and La Rioja (2010), Galicia (2011), Canary Islands (2013), Extremadura (2016) and the Basque Country (2020).
Caja Rural del Duero had previously expanded its sphere of activity from Valladolid to the provinces of Ávila and Palencia (1988) and León (1995). In 1979, Caja Campo extended its geographical scope to the province of Albacete and in 1982 to Cuenca. On the other hand, Ruralcaja extended its activity to Tarragona in 1995, Barcelona in 1996 and Murcia in 2005.
Because of its constitutive origins, Cajamar Caja Rural is a social economy entity, foundational in nature and based on a cooperative structure. In accordance with its articles of association, the purpose of Cajamar Caja Rural is focused on financial intermediation and operations that support the real economy. It is an entity clearly oriented towards local development, committed to productive sectors, with particular attention paid to the agri-food sector, and it directs its financial activity towards household economies, self-employed professionals and small and medium-sized enterprises.
Grupo Cooperativo Cajamar is a consolidable group of credit entities which was authorised and classified as an Institutional Protection System (IPS) by the Bank of Spain in December 2009. Following the mergers carried out in 2012, 2013 and 2018 between Cajamar Caja Rural and Ruralcaja, CR Castellón, Crèdit València, CR Casinos, CR Canarias and Caixa Albalat, it is currently made up of 19 entities: Cajamar Caja Rural, Caixa Rural Torrent, Caixa Rural de Vila-real, Caixaltea, Caixa Rural Burriana, Caixa Rural Nules, Caixacallosa, Caixapetrer, Caixalqueries, Caixa Rural San Vicent Ferrer de Vall d'Uixó, Caja Rural de Cheste, Caixa Rural d'Alginet, Caja Rural de Villar, Caixaturís, Caixa Rural Vilavella, Caixa Rural de Almenara, Caixa Rural Vilafamés, Caixa Rural Xilxes and Banco de Crédito Social Cooperativo.
A leading financial group in cooperative banking in Spain with nationwide scope, it is present in all Spanish autonomous communities and autonomous cities. It has more than 3.9 million customers and approximately 1.8 million members, and contributes financial solutions to the economic, social and environmental sustainability of the environment in which it operates, paying special attention to rural areas and the agri-food sector, as well as to the development of family economies, self-employed professionals and small and medium-sized enterprises.
Among all banks, savings banks, rural savings banks and other credit cooperatives and financial entities operating in Spain, Grupo Cooperativo Cajamar ranks 10 nationally in terms of volume of assets.
The governing bodies of the entities that make up Grupo Cooperativo Cajamar, by general legal mandate, are the General Assembly and the Governing Council; and by specific legal mandate or statutory self-regulation, the Executive Committee (and, where applicable, the Managing Directors), the Auditors, the Audit Committee and the Appeals Committee.
The General Assembly is the supreme body for expressing the collective will, while the Governing Council is the collegiate governing body responsible for senior management, supervision of executives and representation of the entity in accordance with current legislation. In the case of Cajamar Caja Rural, the Executive Committee is elected from among its members and is made up of the chairperson, the vice-chairperson, the secretary and four members.
