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Executive Summary 2020

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Executive Summary 2020 Executive Summary 2020 Executive Summary 2020 Contents 4 About us 7 Who we represent 12 Governance 14 What we do 25 Funcas, CECA’s Obra Social About us 4 Executive Summary of CECA for 2020 About us Our mission. CECA is a banking association committed to representing, defending and promoting its member entities’ interests. It provides them with advice and supports them in their endeavour to offer services that promote financial inclusion and access to credit. This work is undertaken with a sustainable approach, notably featuring Obra y Acción Social and financial education. CECA is an active a member of the international associations representing the model of retail banking which gives priority to funding for families and SMEs, a model with which CECA member entities fully identify. Executive Summary of CECA for 2020 5 About us The model that identifies all entities of the World Savings and Retail Banking Institute (WSBI) is characterized by the so-called 3Rs. Retail Retailers. Focused on financing for families and SMEs. Rooted Rooted in the community. Bound and committed to the areas in which they act. Responsible Responsible. Identified by their commitment to the Obra y Acción Social and sustainability. 6 Executive Summary of CECA for 2020 Who we represent Executive Summary of CECA for 2020 7 Who we represent CECA’s present members include credit institutions and banking foundations and ordinary foundations associated with the savings sector. Figures at September 2020 44% 39% OF THE SFS* OF THE SFS* ATMs Branches Employees 20,982 10,269 68,160 36% Loans OF THE SFS* BILLION517.043 EUROS 32% 38% OF THE SFS* OF THE SFS* Average size of Total Deposits the entities assets BILLION570.825 EUROS BILLION102.531 EUROS BILLION871.099 EUROS *Spanish Financial System (SFS) 8 Executive Summary of CECA for 2020 Who we represent Branch distribution by size of town/city Data at December 2019 FEWER FROM 10,001 FROM 50,001 MORE THAN THAN 10,000 TO 50,000 TO 250,000 250,000 INHABITANTS INHABITANTS INHABITANTS INHABITANTS 34% 21% 23% 22% Efficiency Operating expenses on gross income Figures at September 2020 (Source: EBA) 63% 70% 73% 59% 59% AUSTRIA ITALY FRANCE HOLLAND PORTUGAL 65% 56% EBA CECA TOTAL SECTOR CET1 Figures at September 2020 CECA14.3% SECTOR Executive Summary of CECA for 2020 9 Who we represent Associates Credit institutions CAIXABANK, S.A. BANKIA, S.A. UNICAJA BANCO, S.A. ABANCA CORPORACIÓN BANCARIA, S.A. KUTXABANK, S.A. IBERCAJA BANCO, S.A. LIBERBANK, S.A. CAJASUR BANCO, S.A.U. CAJA DE AHORROS COLONYA CAIXA CECABANK, S.A. Y MONTE DE PIEDAD D’ESTALVIS DE DE ONTINYENT, CAIXA POLLENÇA ONTINYENT 10 Executive Summary of CECA for 2020 Who we represent Banking foundations BILBAO BIZKAIA KUTXA FUNDACIÓN BANCARIA FUNDACIÓN BANCARIA FUNDACIÓN CAJA FUNDACIÓN BANCARIA- CANARIA CAJA GENERAL CAJA DE AHORROS DE DE AHORROS DE BILBAO BIZKAIA KUTXA DE AHORROS DE SANTANDER Y CANTABRIA CASTILLA-LA MANCHA BANKU FUNDAZIOA CANARIAS - FUNDACIÓN CAJACANARIAS CAJACÍRCULO, CAJA DE BURGOS, FUNDACIÓN BANCARIA FUNDACIÓN FUNDACIÓN BANCARIA FUNDACIÓN BANCARIA CAJA DE AHORROS Y BANCARIA CAJA MONTE DE PIEDAD DE NAVARRA EXTREMADURA FUNDACIÓN BANCARIA FUNDACIÓN FUNDACIÓN BANCARIA FUNDACIÓN CAJA DE AHORROS DE BANCARIA IBERCAJA KUTXA-KUTXA BANKU BANCARIA CAIXA ASTURIAS FUNDAZIOA D’ESTALVIS I PENSIONS DE BARCELONA, “LA CAIXA” FUNDACIÓN BANCARIA FUNDACIÓN BANCARIA UNICAJA VITAL General foundations FUNDACIÓN GALICIA FUNDACIÓN ÁVILA FUNDACIÓN FUNDACIÓN CAJA OBRA SOCIAL BANCAJA, GENERAL DE AHORROS AFUNDACIÓN FUNDACIÓN DE DE GRANADA LA COMUNITAT (CAJAGRANADA VALENCIANA FUNDACIÓN) FUNDACIÓN CAJA FUNDACIÓN CAJA DE FUNDACIÓN FUNDACIÓN DE AHORROS DE LA AHORROS DE MURCIA CAJA RIOJA CAJA SEGOVIA INMACULADA DE ARAGÓN FUNDACIÓN PRIVADA FUNDACIÓN CANARIA FUNDACIÓN FUNDACIÓN OBRA SOCIAL MONTE DE PIEDAD Y LA CAJA INSULAR DE MEDITERRÁNEO Y MONTE DE PIEDAD DE CAJA DE AHORROS AHORROS DE CANARIAS MADRID (FUNDACIÓN SAN FERNANDO DE MONTEMADRID) HUELVA, JEREZ Y SEVILLA (FUNDACIÓN CAJASOL) FUNDACIÓN FUNDACIÓ SA NOSTRA FUNDACIÓN OBRA SOCIAL ESPECIAL PINNAE CAIXA DE BALEARS DE CASTILLA Y LEÓN Executive Summary of CECA for 2020 11 Governance 12 Executive Summary of CECA for 2020 Governance General Assembly The General Assembly is CECA’s most important governing and decision-making body and is made up of representatives appointed by the Savings Banks and other member credit institutions. Board of Directors The Board of Directors is responsible for administering, managing and representing CECA. Composition of the Board of Directors at 31 December 2020: Chair Members Isidro Fainé Casas Manuel Menéndez Menéndez Antonio Carbonell Tatay Vice-chairs Juan Carlos Escotet Rodríguez José Ignacio Goirigolzarri Tellaeche José Luis Aguirre Loaso Braulio Medel Cámara Manuel Azuaga Moreno Gregorio Villalabeitia Galarraga Member Secretary Josep A. Cifre Rodríguez Non-member Deputy Secretary Fernando Conlledo Lantero Executive Summary of CECA for 2020 13 What we do 14 Executive Summary of CECA for 2020 What we do Our activity is divided into four main areas: Institutional representation CECA defends its member entities’ interests in national and international forums. Economic and regulatory analysis Exhaustive regulatory monitoring of the national and international agendas and ad-hoc economic studies. Social Investment Dissemination and promotion of the social investment, both in terms of the Obra y Acción Social and sustainability, from a sectoral perspective. Worker representation Defence of member entities that are bound by the sector’s collective agreement. Executive Summary of CECA for 2020 15 What we do Institutional representation CECA plays a part in both national and international forums, representing and defending the interests of member entities Retail Banking Conference The Retail Banking Conference took place again this past year—this time virtually—with the strategic objective of presenting the European Savings and Retail Banking Group (ESBG) to the main stakeholders and EU authorities. WSBI initiatives to tackle COVID-19 The WSBI has implemented several initiatives to support its members, including multiple seminars in which CECA participated to address operational topics such as cybersecurity, Blockchain, international aid and financial education, among others. WSBI represents Over 6,000SAVINGS BANKS AND 80COUNTRIES RETAIL BANKS Launch of FINRESP January 2020 saw the launch of FINRESP (Spanish Responsible and Sustainable Finance Centre), an initiative by CECA and others to meet the needs of the Spanish productive fabric. 16 Executive Summary of CECA for 2020 What we do Economic and regulatory analysis Economic analysis CECA continuously monitors the national and international economic and financial framework, placing special emphasis on the banking sphere. The analysis carried out on the following topics in 2020 is particularly noteworthy: Impact of the health Hesitancy of crisis on the economy the financial and on profitability system Economic analysis 2020 Solvency of the financial system Executive Summary of CECA for 2020 17 What we do Regulatory analysis 2020 was marked by intense regulatory activity impacted by the pandemic. In order to monitor it, CECA prepares: Regulatory Outlook, Financial Regulatory and which provides Regulations financial outlook of a summary of Database, which the CECA sector, a noteworthy concerns gathers financial monthly report on on both the national directives and the progress of the and international regulatory sector that is sent to agenda. It is prepared provisions. the main national monthly and has and international special editions for operators. any relevant topics that may arise. This year’s priorities have focused on the following matters: Supervision Markets Sustainability Digital COVID-19 and solvency finance Prevention of money laundering Transactions and the financing and payment of terrorism Resolution Retailer Accounting systems 18 Executive Summary of CECA for 2020 What we do Social Investment Obra y Acción Social Once again, the institutions involved in the Obra y Acción Social have been leaders in private social investment in Spain, thus demonstrating their commitment to a fairer, more balanced society. Swimmer Ona Carbonell served as ambassador of CECA’s Obra y Acción Social to highlight the work that companies are doing in this field. Executive Summary of CECA for 2020 19 What we do Foundations Task forces Dissemination and Obra Social Task forces have of Obra y Acción Executive Social been established, Committee addressing matters The Obra y Acción The Foundations relating to: Social Report for and Obra Social taxation, regulation 2019 was presented Executive and exchange of in 2020. Committee experiences with has acted as an foundations that do instrument of not belong to the dialogue between financial sector or the foundations and Tertiary Sector. entities that carry out Obra Social. Investment in Obra Activities Beneficiaries y Acción Social 48,981 +24MILLION PEOPLE 772MILLION EUROS 20 Executive Summary of CECA for 2020 What we do Sustainability The sector’s activity is primarily focused on the work of the Sustainability Network, which has allowed for a coordinated approach to the main national and international concerns. In 2020, the following are noteworthy Joining the Green Recovery Alliance Renewal of the Social Housing Fund Agreement with the Ministry of Economic Affairs and Digital Transformation Executive Summary of CECA for 2020 21 What we do Financial Education Funcas Stimulating Financial Education Programme This programme,
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