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. , S.A. UNICAJA BANCO, S.A. 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 FUNDACIÓN BANCARIA FUNDACIÓN BANCARIA FUNDACIÓN CAJA FUNDACIÓN BANCARIA- CANARIA CAJA GENERAL CAJA DE AHORROS DE DE AHORROS DE 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 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 , 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, launched by CECA and Funcas in 2018, was renewed in 2020 with a provision of three million euros OECD International Network on Financial Education (OECD/INFE) to reinforce its commitment to financial education. This year, CECA launched a financial education communication campaign on social networks, issued press releases, disseminated reports and surveys of the OECD International Network on Financial education Financial Education (OECD/INFE) and supported the initiatives of the promoters of the Financial €3,000,000CECA AND FUNCAS PROGRAMME Education Plan ( of Spain and the CNMV [Spanish National Securities Market Commission]).

Financial Education Day In the last edition, CECA published an institutional video on activity in the CECA sector to mark the 2020 Financial Education Day, and it published the various initiatives carried out by associated companies on the Spanish Network on Financial Education.

22 Executive Summary of CECA for 2020 What we do

Worker representation

During 2020, the following CECA member entities were bound by the sector’s collective agreement.

CAIXABANK, S.A. BANKIA, S.A. UNICAJA BANCO, S.A.

ABANCA CORPORACIÓN IBERCAJA BANCO, S.A. LIBERBANK, S.A. BANCARIA, S.A.

CAJASUR BANCO, S.A.U. CAJA DE AHORROS COLONYA CAIXA Y MONTE DE PIEDAD D’ESTALVIS DE DE ONTINYENT, POLLENÇA CAIXA ONTINYENT

CECABANK, S.A.

Executive Summary of CECA for 2020 23 What we do

On 3 December 2020, the Resolution of the Directorate General of Labour, of 23 November, was published in the Official State Gazette, recording and publishing the collective agreement for savings banks and financial institutions.

Labour Relations Committee

During 2020, the Labour Relations Committee met once to set the strategic lines that should mark the negotiation of the collective agreement. It also analysed the most significant aspects of how companies tackled the first wave of the COVID-19 pandemic.

24 Executive Summary of CECA for 2020 Funcas, CECA’s Obra Social

Executive Summary of CECA for 2020 25 Funcas, CECA’s Obra Social

Funcas is a non-profit institution forming part of CECA’s Obra Social. Its activity is chiefly directed towards promoting, debating, and raising awareness surrounding research on matters of a financial and social nature. 2020 Budget

Healthcare Social Social and Healthcare Assistance 29THOUSAND EUROS 122THOUSAND EUROS

151THOUSAND EUROS

Education R&D Education and Research

3,200THOUSAND EUROS 3,401THOUSAND EUROS 6,601THOUSAND EUROS

Culture and Free Time

18THOUSAND EUROS

26 Executive Summary of CECA for 2020 Funcas, CECA’s Obra Social

Activity in 2020

Articles Publications Research

258 68 49+4FUNCAS EDUCA

Public events Subscribers External collaborators 60 1,634 222

Funcasblog Video Blogs Documentary 160 23 1

Executive Summary of CECA for 2020 27 28 Executive Summary of CECA for 2020

Executive Summary 2020

Video CECA Annual report