DOCSLIB.ORG

CAIXABANK and ITS ENVIRONMENT Environmental Declaration 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
CAIXABANK and ITS ENVIRONMENT Environmental Declaration 2018 CAIXABANK AND ITS ENVIRONMENT Environmental declaration 2018 Environmental declaration on activities at the Barcelona corporate centre and the development of financial products and services CONTENTS | 44 01 04 06 09 INTRODUCTION ENVIRONMENTAL AND EXTENDING SOCIAL OTHER PROCEDURES: page 03 ENERGY MANAGEMENT AND ENVIRONMENTAL ”LA CAIXA” PRINCIPLES RESPONSIBILITY FOUNDATION page 07 TO THE SUPPLIER page 43 CHAIN page 37 02 05 07 CAIXABANK CAIXABANK’S OUR PRODUCTS: PRESENTATION ENVIRONMENTAL AND PLEDGE FOR page 04 ENERGY MANAGEMENT SUSTAINABILITY SYSTEM (EEMS) page 39 page 09 5.1. Environmental Committee 5.2. Environmental aspects and impacts of CaixaBank’s corporate centre in Barcelona 5.3. Environmental assessment 03 and monitoring procedure 08 VOLUNTARY 5.4. Environmental performance basic LEGAL ENVIRONMENTAL SOCIAL AND indicators and assessment COMPLIANCE ENVIRONMENTAL 5.5. Training and awareness-raising page 42 COMMITMENTS 5.6. Monitoring of environmental page 05 objectives 2018 5.7. Definition of environmental objectives 2019 01 INTRODUCTION 03 | 44 01 INTRODUCTION In a world increasingly aware of the need to protect the environment in which we live and carry on our activities, and as part of our on-going improvement policy, CaixaBank specified its actions to respect and protect the environment through the implementation of an environmental and energy management system, in line with the European regulation EMAS 1505/2017 and the ISO 14001 and ISO 50001 standards. Despite the fact that our activity an environmental and energy does not pose a significant risk for management system at its the environment, we consider that corporate centre in Barcelona, an ratifying our commitment thereto emblematic building within the is essential for an entity of the size city’s architecture and in the and social implications of development of financial products CaixaBank. and services. We wish to cooperate in Our commitment extends to sustainable development in the employees and to our branch business sectors in which we network, the Group’s subsidiaries participate. and to those that work with us, without forgetting that it must Accordingly, CaixaBank has represent an added benefit in the implemented and keeps up to date relationship with customers. 02 CAIXABANK PRESENTATION 04 | 44 02 Registered office: CAIXABANK PRESENTATION Pintor Sorolla, 2-4 46002 València Context of the organisation and interested parties Barcelona corporate centre CaixaBank focuses on consolidating its position as the Avinguda Diagonal, 621 08028 Barcelona leading financial group in Spain, and on standing out from Tax identification number: the crowd due to its social responsibility, service quality, A-08663619 financial robustness and for being one step ahead in terms NACE: of innovation. 64.19 Telephone: CaixaBank is a financial group mobile banking and on-line 93 404 60 00 with a socially responsible service. Fax: universal banking model with a 93 339 57 03 long-term vision, based on quality, CaixaBank aspires to consolidate proximity and specialisation, itself as a paradigm of a Internet address: which offers a value proposal for responsible and socially committed http://www.caixabank.com products and services adapted to bank and to be a benchmark for Contact person: each segment, which assumes good corporate governance. Maria Meritxell Ripoll Manuel innovation as a strategic challenge and a differentiating feature of its CaixaBank undertakes to respect culture, whose leading positioning its natural surroundings, a in retail banking in Spain and commitment that goes beyond its Portugal enables it to have a key legal obligations and which is role in the contribution to specified in an environmental and sustainable economic growth. energy management system integrated into its business value for its stakeholders 13.7 CaixaBank has the largest activities, which encompasses all (customers, shareholders, milion customers customer base in Spain (15.7 its projects, services and products. employees and society in general), For the Environmental and Energy million), and is the leading bank This commitment extends to in accordance with the values of Management System, the interested for 1 of every 4 customers. employees, subsidiaries and quality, trust and social parties have been broken down to 4,608 partnership entities. Likewise, it commitment. Accordingly, understand their needs and branches The bank has the most extensive fosters the involvement of CaixaBank sets forth its expectations from an environmental network in Spain, with over 4,608 customers and society in general commitments to each identified standpoint and to see the branches and nearly 9,425 ATMs, in this universal challenge. stakeholder on its web page with requirements that would meet such 9,425 complemented by a leading CaixaBank works to create shared full transparency. needs and expectations. ATMs 03 VOLUNTARY SOCIAL AND ENVIRONMENTAL COMMITMENTS 05 | 44 03 VOLUNTARY SOCIAL AND Further information can be found under the corporate ENVIRONMENTAL COMMITMENTS responsibility heading of the CaixaBank web page CaixaBank has a clearly-defined mission and vision, ensuring on-going Currently, CaixaBank participates in various international compliance with its corporate values, which are detailed in its Code of initiatives related with social and environmental responsibility, ethics and good governance: the bank Business Conduct and Ethics and in its Corporate Social Responsibility Policy. integrates ethical, social and environmental values into its decision-making process. United Nations Global Compact Equator principles United Nations Principles for Responsible Registration of the Carbon Footprint (MTE) UNEPFI initiative and its ten principles Investment through VidaCaixa and CaixaBank Asset Management CDP (Carbon Disclosure Project) Dow Jones Sustainability Indexes (DJSI) The Green Bond Principles Environmental quality guarantee emblem CLIMATE ACTION 100+ for for the Catalonia branch network VidaCaixa and Asset Management RE100 initiative Spanish Green Growth Group Climate Change Cluster Catalonia Provincial Government MCSI Voluntary Agreement Programme 03 VOLUNTARY SOCIAL AND ENVIRONMENTAL COMMITMENTS 06 | 44 SOCIALLY RESPONSIBLE BANKING AND ENVIRONMENTAL STRATEGY PLAN In 2017, a new Socially Responsible Banking Plan was approved, which includes the environment as one of its main lines of action. • It is inspired on our corporate values: social commitment, trust and quality • It includes the best practices recommended by the regulator • It was prepared with social, environmental and governance criteria • It continually includes the concerns of the stakeholders • It provides a response to the company’s global challenges Further information can be found in the environmental strategy section of the corporate responsibility heading of the CaixaBank web page G o v e rn a n s c e e iv t The entity’s environmental strategy is based on three lines of ia t i action under the umbrella of a public commitment to transparency. n i l a SOCIAL INITIATIVES INTEGRITY, i c AND VOLUNTEERING TRANSPARENCY o Environmental S AND DIVERSITY strategy Socially responsible banking Boost sustainable Manage ESG* and Minimise FINANCIAL GOVERNANCE business climate-related risks the environmental INCLUSION impact *Environmental, Social & Governance A| LINES OF ACTION B| PUBLIC POSITIONING PUBLIC COMMITMENT ENVIRONMENT Climate declaration TRANSPARENCY Reporting to the markets Environmental 04 ENVIRONMENTAL AND ENERGY MANAGEMENT PRINCIPLES 07 | 44 04 ENVIRONMENTAL AND ENERGY MANAGEMENT PRINCIPLES CaixaBank works to minimise its environmental impact and to reduce its contribution to climate change. Respect for the environment and corporate social responsibility form part of the bank’s business strategy, and are reflected both in the products and services and in the management of business risks and opportunities. CaixaBank’s commitment to the environment encompasses all its projects, services and products, counting on the participation and involvement of all employees, subsidiaries and partnership companies. 04 ENVIRONMENTAL AND ENERGY MANAGEMENT PRINCIPLES Environmental and Energy Management Principles 08 | 44 CaixaBank carries on its activities taking environmental protection into • Promoting the purchase of energy efficient products and services and a account. It endeavours to achieve maximum efficiency in the use of the design to improve energy optimisation. natural resources required by it, in line with the ISO 14001 certification, the environmental management EMAS European regulation and the ISO • Integrating environmental criteria in the offering of products and servic- 50001 energy management certification. es, and continuing to extend these criteria to other areas of its activities (financing of leading business investments, investment operations, etc.). This aspiration is reflected in the other responsible policies of the entity, such as the Code of Business Conduct and Ethics, the Corporate Social • Supporting initiatives aimed at preventing, mitigating, adapting or Responsibility Policy and the Declaration on Climate Change. responding to climate change. Although the nature of its activity is not aggressive to the environment, • Contributing to the environmental sensitisation of its stakeholders, in CaixaBank undertakes to continually improve its environmental and energy order to encourage environmental protection and care, especially: practices, using the most suitable techniques as far as possible and when economically viable,
Load more

Recommended publications
  • Evolución De Los Principales Grupos Bancarios Españoles (2009-2021)
    Evolución de los principales grupos bancarios españoles (2009-2021) Intervenida por BE (sustitución de administadores) Capital controlado por el FROB Integración SIP Constitución del banco 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Integration processes I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D Santander Santander Banco Popular Banco Popular Banco Pastor BBVA Caixa Sabadell BBVA Caixa Terrasa Unnim Unnim Banc Caixa Manlleu BBVA Caixa Catalunya Caixa Tarragona Catalunya Caixa Catalunya Banc CX Caixa Manresa La Caixa Caixa Girona La Caixa Caixabank Caja Sol Caja Guadalajara Caja Sol Caixabank Caja Navarra Banca Cívica Caja Burgos Banca Cívica Caixabank Caja Canarias Banco de Valencia Banco de Valencia Caja Madrid Bancaja Caixabank Caja de Ávila Caja Segovia BFA-Bankia Caja La Rioja Caixa Laietana Caja Insular de Canarias Bankia Caja Murcia Caixa Penedés Caja Granada Mare Nostrum Banco Mare Nostrum BMN Sa Nostra Banco Sabadell Banco Guipuzcoano Banco Sabadell Banco Sabadell Caja de Ahorros del Mediterráneo CAM Banco CAM Banco Sabadell Banco Gallego (Grupo NCG) Banco Gallego Bankinter Bankinter Unicaja Caja Jaén Unicaja Unicaja Banco Caja Duero Unicaja Banco Caja España Caja España de Inversiones Banco CEISS Cajastur Unicaja CCM CCM Cajastur Banco Caja Cantabria Liberbank Liberbank Caja Extremadura Caja de Ahorros Inmaculada CAI Caja Círculo Católico de Burgos Caja 3 Banco Grupo Caja 3 Caja Badajoz Ibercaja Banco Ibercaja Ibercaja Banco Kutxa Caja Vital BBK BBK Kutxabank Kutxabank CajaSur CajaSur Banco Etcheverría Caixa Galicia Abanca Caixa Nova Novacaixagalicia NCGBanco Evo Banco C.R.
    [Show full text]
  • Outlooks on Five Spanish Financial Groups and Three European Bank Branches Revised Following Outlook Revision on Spain
    Outlooks On Five Spanish Financial Groups And Three European Bank Branches Revised Following Outlook Revision On Spain Primary Credit Analyst: Elena Iparraguirre, Madrid (34) 91-389-6963; elena.iparraguirre@standardandpoors.com Secondary Contacts: Luigi Motti, Madrid (34) 91-788-7234; luigi.motti@standardandpoors.com Carlos Cobo, Madrid +34 91 788 72 32; carlos.cobo@standardandpoors.com Fabio Mostacci, Madrid +34 91 788 72 09; fabio.mostacci@standardandpoors.com Alexander Ekbom, Stockholm (46) 8-440-5911; alexander.ekbom@standardandpoors.com Nigel Greenwood, London (44) 20-7176-7211; nigel.greenwood@standardandpoors.com Thierry Grunspan, Paris (33) 1-4420-6739; thierry.grunspan@standardandpoors.com E.Robert Hansen, CFA, New York (1) 212-438-7402; robert.hansen@standardandpoors.com • On Nov. 29, 2013, Standard & Poor's revised the outlook on the long-term sovereign credit rating on Spain to stable from negative. • Spanish banks continue to rebalance their funding profiles. They are reducing their reliance on funding from the ECB and foreign sources, increasing the weight of more stable domestic retail funding in the mix, and sharply reducing the cost of domestic deposits. We expect this trend to continue, particularly in the context of stabilizing sovereign creditworthiness. • We now see a stable trend for industry risk in Spain. We continue to view the trend for economic risk as stable. • We are revising to stable from negative the outlooks on four Spanish banking groups and three branches of European banks, and to positive from stable the outlook on one institution. We are maintaining negative outlooks on six other Spanish banking groups. • In three cases, the stable outlooks reflect the diminishing likelihood of a rating downgrade as risks in the operating environment in Spain are abating.
    [Show full text]
  • Report Expert Merger Caixabank Bankia 23.10.2020
    This English version translation is for information purposes only. In the event of a discrepancy or inconsistency between the Spanish and English language versions of this report, the Spanish language version will prevail. INDEPENDENT EXPERT’S REPORT ON THE JOINT MERGER PLAN BETWEEN CAIXABANK, S.A., AND BANKIA, S.A. 23 October 2020 This English version translation is for information purposes only. In the event of a discrepancy or inconsistency between the Spanish and English language versions of this report, the Spanish language version will prevail. INDEPENDENT EXPERT’S REPORT ON THE JOINT MERGER PLAN BETWEEN CAIXABANK, S.A., AND BANKIA, S.A. 1. INTRODUCTION 2. OBJECTIVES AND SCOPE OF OUR WORK 3. DESCRIPTION OF THE JOINT MERGER PLAN 4. VALUATION METHODS USED TO FIND THE EXCHANGE RATIO 5. PROCEDURES OF OUR WORK 6. SPECIAL VALUATION DIFFICULTIES 7. CONCLUSIONS APPENDIX: JOINT MERGER PLAN APPROVED BY THE BOARDS OF DIRECTORS OF CAIXABANK, S.A., AND BANKIA, S.A. This English version translation is for information purposes only. In the event of a discrepancy or inconsistency between the Spanish and English language versions of this report, the Spanish language version will prevail. INDEPENDENT EXPERT’S REPORT ON THE JOINT MERGER PLAN BETWEEN CAIXABANK, S.A., AND BANKIA, S.A. 2 To the Boards of Directors of Bankia, S.A., and CaixaBank, S.A. 1. INTRODUCTION For the purposes of section 34 of Law 3/2009 of 3 April on structural changes to companies (“Law on Structural Changes to Companies”) and articles 340 and 349 of the Companies Register Regulation, and in accordance with our own appointment to the position of independent expert by Ms Isabel Querol Sancho, registrar in charge of Companies Register Number VI of Valencia, in proceeding number E87/29, we would like to present you with our independent expert’s report on the joint merger plan (“Joint Merger Plan”) between CaixaBank, S.A.
    [Show full text]
  • List of PRA-Regulated Banks
    LIST OF BANKS AS COMPILED BY THE BANK OF ENGLAND AS AT 2nd December 2019 (Amendments to the List of Banks since 31st October 2019 can be found below) Banks incorporated in the United Kingdom ABC International Bank Plc DB UK Bank Limited Access Bank UK Limited, The ADIB (UK) Ltd EFG Private Bank Limited Ahli United Bank (UK) PLC Europe Arab Bank plc AIB Group (UK) Plc Al Rayan Bank PLC FBN Bank (UK) Ltd Aldermore Bank Plc FCE Bank Plc Alliance Trust Savings Limited FCMB Bank (UK) Limited Allica Bank Ltd Alpha Bank London Limited Gatehouse Bank Plc Arbuthnot Latham & Co Limited Ghana International Bank Plc Atom Bank PLC Goldman Sachs International Bank Axis Bank UK Limited Guaranty Trust Bank (UK) Limited Gulf International Bank (UK) Limited Bank and Clients PLC Bank Leumi (UK) plc Habib Bank Zurich Plc Bank Mandiri (Europe) Limited Hampden & Co Plc Bank Of Baroda (UK) Limited Hampshire Trust Bank Plc Bank of Beirut (UK) Ltd Handelsbanken PLC Bank of Ceylon (UK) Ltd Havin Bank Ltd Bank of China (UK) Ltd HBL Bank UK Limited Bank of Ireland (UK) Plc HSBC Bank Plc Bank of London and The Middle East plc HSBC Private Bank (UK) Limited Bank of New York Mellon (International) Limited, The HSBC Trust Company (UK) Ltd Bank of Scotland plc HSBC UK Bank Plc Bank of the Philippine Islands (Europe) PLC Bank Saderat Plc ICBC (London) plc Bank Sepah International Plc ICBC Standard Bank Plc Barclays Bank Plc ICICI Bank UK Plc Barclays Bank UK PLC Investec Bank PLC BFC Bank Limited Itau BBA International PLC Bira Bank Limited BMCE Bank International plc J.P.
    [Show full text]
  • European Npls - FY18 an Overview of the Non-Performing Loan Market
    An Acuris Company Year-End 2018 European NPLs - FY18 An overview of the non-performing loan market Alessia Pirolo Head of NPL Coverage, Debtwire +44 (0) 20 3741 1399 alessia.pirolo@acuris.com Amy Finch Data Journalist, Debtwire +44 (0) 20 3741 1187 amy.finch@acuris.com European NPLs – FY18 An Acuris Company Overview: A Record Year for NPL sales 3-7 Trends by Country Italy 8-13 Spain 14-17 New Entries: Portugal, Greece and Cyprus 18-24 UK and Ireland 25-28 Germany 29-30 Index List of closed deals 31-40 Criteria 41 Authors and contact details 42 2 European NPLs – FY18 An Acuris Company A Record Year for NPL sales The European non-performing loan (NPL) market reached its peak in 2018 with disposal totalling EUR 205.1bn in gross book value (GBV). Debtwire NPL Database tracked 142 transactions. The year just closed has been by far a record, compared with EUR 144bn in 2017 and EUR 107bn in 2016, according to data from Deloitte. The last quarter of 2018 saw a particularly intense pace of activity, given that at the end of the third quarter closed deals totalled EUR 125bn. The most active country was Italy, which totalled half of the total volume of NPL sales. In 2018, 64 NPL sales with a gross book value (GBV) of EUR 103.6bn were tracked in the country, almost half of which were via securitisations within the government’s Garanzia sulla Cartolarizzazione delle Sofferenze (GACS) scheme, which now has only until 6 March 2019 to run. Spain has started to see a slowdown of sales, but still completed a massive EUR 43.2bn in 27 deals.
    [Show full text]
  • Los Consejos De Administración De Caixabank Y Bankia Aprueban Su Proyecto De Fusión Para Crear El Banco Líder En España
    Los Consejos de Administración de CaixaBank y Bankia aprueban su proyecto de fusión para crear el banco líder en España • Los Consejos de Administración de ambas entidades aprueban la operación, que se ejecutará mediante la modalidad de fusión por absorción de Bankia por CaixaBank, y debe ser aprobada por las Juntas Generales. • El acuerdo consiste en una ecuación de canje de 0,6845 acciones ordinarias nuevas de CaixaBank por cada acción de Bankia, e incluye una prima del 20% sobre la ecuación de canje a cierre del 3 de septiembre. • La nueva entidad, que mantendrá la marca CaixaBank, será el banco de referencia en España con más de 20 millones de clientes, una cuota en créditos y depósitos del 25% y 24%, respectivamente, y una presencia geográfica diversificada y equilibrada. • José Ignacio Goirigolzarri será el presidente ejecutivo de la entidad, mientras que Gonzalo Gortázar ocupará el cargo de consejero delegado. • José Ignacio Goirigolzarri ha destacado que “con esta operación conformamos la primera franquicia española en un momento en el que es más necesario que nunca crear entidades con tamaño crítico, contribuyendo así a apoyar las necesidades de familias y empresas, y a reforzar la solidez del sistema financiero”. “La nueva entidad continuará desarrollando las mejores prácticas de gobierno corporativo”. • Por su parte, Gonzalo Gortázar ha subrayado que “la fusión nos permitirá afrontar los desafíos de los próximos 10 años con mayor escala, fortaleza financiera y rentabilidad, lo que redundará en mayor valor para nuestros accionistas, en más oportunidades para nuestros empleados, en un mejor servicio a nuestros clientes y en una mayor capacidad para apoyar la recuperación económica en España”.
    [Show full text]
  • Corporate Presentation 4Q 2020 Disclaimer
    Corporate Presentation 4Q 2020 Disclaimer The purpose of this presentation is purely informative and should not be considered as a service or offer of any CaixaBank and by the rest of the Group companies it may contain certain adjustments and reclassifications in financial product, service oradvice, nor should it be interpreted as, an offer to sell orexchange oracquire, oran order to harmonize the accounting principles and criteria followed by such companies with those followed by invitation for offers to buy securities issued by CaixaBank, S.A. (“CaixaBank”) orany of the companies mentioned CaixaBank. Accordingly, and particularly in the case of Banco Português de Investimento (“BPI”), the relevant herein. The information contained herein is subject to, and must be read in conjunction with, all other publicly data included in this presentation may differ from those included in the relevant financial information as available information. Any person atany time acquiring securities must do so onlyon the basis of such person’s published byBPI. own judgment as to the merits or the suitability of the securities for its purpose and only on such information as In particular, regarding the data provided by third parties, neither CaixaBank, nor any of its administrators, is contained in such public information set out in the relevant documentation filed by the issuer in the context of directors or employees, either explicitly or implicitly, guarantees that these contents are exact, accurate, such specific offer or issue and after taking any professional or any other advice as it deems necessary or comprehensive or complete, nor are they obliged to keep them updated, nor to correct them in the case that any appropriate under the relevant circumstances and not in reliance on the information contained in this presentation.
    [Show full text]
  • Entidades Financieras
    ENTIDADES BANCO COOPERATIVO ESPAÑOL CAJAS RURALES UNIDAS, SDAD.COOP.CDTO. 28 IBERAVAL 3001 CAJA RURAL DE ALMENDRALEJO 49 SANTANDER CENTRAL HISPANO 3005 CAJA RURAL CENTRAL 3045 CAJA RURAL ALTEA 65 BARCLAYS BANK (BCO.ZARAGOZANO) 3007 CAJA RURAL GIJON 3057 CAJA RURAL ALICANTE 69 BANCO DE MURCIA - CAIXABANK 3008 CAJA RURAL NAVARRA 3058 CAJAMAR CAJA RURAL 93 BANCO DE VALENCIA - CAIXABANK 3009 CAJA RURAL EXTREMADURA 3061 CAJA RURAL CREDICOOP 128 BANKINTER 3016 CAJA RURAL SALAMANCA 3072 CAJA RURAL DE MALAGA 182 BANCO BILBAO VIZCAYA ARGENTARIA 3017 CAJA RURAL SORIA 3082 RURALCAJA - CAJAMAR (3057 + 3061) 486 BANCO GRUPO CAJA3 3018 C.R.SAN AGUSTIN FUENTE ALAMO 3083 CAJA RURAL DEL DUERO 487 BANCO MARE NOSTRUM 3020 CAJA RURAL UTRERA 3094 CAJA CAMPO 490 BANCA CIVICA - CAIXABANK 3021 CAJA RURAL DEL JALON 3095 CAJA RURAL SAN ROQUE 2010 M.P Y C. GRAL DE A. DE BADAJOZ - CAJA3 3022 CAJA RURAL FUENTEPELAYO 3102 CAJA RURAL SAN VICENTE FERRER 2013 CAIXA CATALUNYA - CATALUNYA BANK 3023 CAJA RURAL GRANADA 3105 CAJA RURAL CALLOSA D`EN SARRIA 2017 CAJA CIRCULO - CAJA3 3056 CAJA RURAL ALBACETE (3190) 3110 CAJA RURAL CATOLICO AGRARIA 2018 CAJA BURGOS -CAIXABANK 3059 CAJA RURAL ASTURIAS 3112 CAJA RURAL SAN JOSE DE BURRIANA 2030 CAIXA GIRONA - CAIXABANK 3060 CAJA RURAL BURGOS 3118 CAJA RURAL DE TORRENT 2031 CAJA GENERAL DE GRANADA - MARE NOSTRUM 3062 CAJA RURAL CIUDAD REAL (3190) 3119 CAJA RURAL SAN JAIME 2032 CAJA DE AHORROS PROV.DE GUADALAJARA - CAIXABANK 3063 CAJA RURAL CORDOBA 3121 CAJA RURAL CHESTE 2037 CAJA RIOJA - BANKIA 3064 CAJA RURAL CUENCA (3190) 3123
    [Show full text]
  • Banco Santander, BBVA and Caixabank)
    COLEGIO UNIVERSITARIO DE ESTUDIOS FINANCIEROS GRADO EN ADMINISTRACIÓN Y DIRECCIÓN DE EMPRESA BILINGÜE Trabajo Fin de GRADO Comparative analysis of financial structures of the most important banks in Spain (Banco Santander, BBVA and CaixaBank) Autor: BARRENECHEA PRADO, RICARDO Tutor: RIVERO MENÉNDEZ, Mª JOSÉ Madrid, abril de 2019 Abstract. Along this paper, the analysis of the financial accounts for the three biggest Spanish banks will be held. In order to be able to do so in the most appropriate method, the calculation of the capital, financial leverage, profitability, and loan loss coverage ratios will be calculated for every bank for the years 2016 and 2017, for latter compare these results between each banks, other national banks or banks from countries members of the Eurozone, in order to get the most accurate vision of the financial structures of these banks analysed. 1 Index. 1. Introduction. ..................................................................................................... 4 2. Description of the industry and companies (Banco Santander, BBVA, CaixaBank). ......................................................................................................... 5 2.1 The banking industry in Spain. .................................................................. 5 2.2 Banco Santander. ...................................................................................... 6 2.3 BBVA ......................................................................................................... 7 2.4 CaixaBank. ...............................................................................................
    [Show full text]
  • Report of the Director of Caixabank
    Extrardinary General Shareholders’ Meeting 2020 – Report of the Board of Directors REPORT OF THE BOARD OF DIRECTORS OF CAIXABANK, S.A. ON THE JOINT MERGER PLAN BETWEEN CAIXABANK, S.A. (AS THE ABSORBING COMPANY) AND BANKIA, S.A. (AS THE ABSORBED COMPANY) AND ON THE SHARE CAPITAL INCREASES TO BE CARRIED OUT ON THE OCCASION OF THE MERGER Board of Directors – 23 October 2020 1 Extrardinary General Shareholders’ Meeting 2020 – Report of the Board of Directors 1. INTRODUCTION The Board of Directors of CaixaBank S.A. ("CaixaBank") and Bankia, S.A. ("Bankia"; together with CaixaBank, the "Participating Entities"), in their respective meetings held on 17 September 2020, drafted and signed the joint merger plan for the merger between CaixaBank (as the absorbing company) and Bankia (as the absorbed company) (the "Joint Merger Plan"). The Joint Merger Plan was signed by all the directors of the Participating Entities in accordance with article 30.1 and other relevant articles of Law 3/2009 of 3 April on structural changes to companies ("Law on Structural Changes to Companies") and was published on 18 September 2020 on the corporate webpages of CaixaBank (www.caixabank.com) and Bankia (www.bankia.com), from where it could be downloaded and printed. The fact that it was published on the corporate webpages and the date this occurred were published in the Official Gazette of the Companies Register on 1 October 2020. Likewise, a copy of the Joint Merger Plan was deposited with the Companies Register of Valencia on 2 October 2020; this fact being stated in a notice published in the Official Gazette of the Companies Register on 9 October 2020.
    [Show full text]
  • Caixabank Posts a Net Attributable Profit of €1,684 Million (+60.9%), Its Best Ever Annual Performance
    PRESS RELEASE - YEARLY RESULTS 2017 Valencia, 2 February 2018 CaixaBank posts a net attributable profit of €1,684 million (+60.9%), its best ever annual performance Net profit at CaixaBank in Spain climbs to €1,508 million, up 44.1% on 2016. BPI has contributed a total of €176 million to the Group’s results since the integration of the Portu- guese bank in February 2017. CaixaBank Group ROTE improves to 8.4% (+280 basis points in the year and close to the target envisaged in the Strategic Plan of 9%-11% for 2018), on the back of the bank- ing and insurance business, which has reported profitability of 11.2%. Customer funds grow €45,563 million compared to year-end 2016 to reach €349,458 million following the integration of BPI. Meanwhile at CaixaBank they grow by €10,600 million in the year (+3.5%). Net interest income was up 14.2% to €4,746 million; fee and commission income totalled €2,499 million (+19.5%); and income and expense arising from insurance and reinsurance contracts climbed 51.9% to €472 million. Gross revenues amounted to €8,222 million. The 5.1% increase year on year was down to increased generation of core revenues (up 18% on 2016 to €7,887 million) and the integra- tion of BPI. Of this revenue, 96% originated from core banking activity, following the drop in activity in trading revenuess (-66.7%) and the reduced contribution from equity investments (-21%). Loans and advances to customers, gross, stood at €223,951 million (+9.3% in 2017).
    [Show full text]
  • Caixabank Posts Net Profit of €533 Million and Grows Customer Funds by €11 Billion
    PRESS RELEASE – RESULTS FOR THE FIRST QUARTER OF 2019 Valencia, 30 April 2019 CaixaBank posts net profit of €533 million and grows customer funds by €11 billion The Group’s results come on the back of core banking revenues of €2.03 billion (+0.9%), while net interest income gains 2.9% to reach €1.24 billion. The core business accounts for 96% of total revenues. Group results affected by the deconsolidation of Repsol and BFA (€63 million and €76 million in 2018, respectively) and by the revaluation of BPI’s stake in Viacer in 2018 (€54 million). Stripping out these extraordinary impacts, profit for the quarter in- creases by 4.3%. Customer funds grow to €369.5 billion (up by €10.98 billion, 3.1%, in 2019). Assets under management gain 3.7% to reach €97.5 billion. Gross loans and advances to customers stand at €226.4 billion, up 0.8% in the quarter, including 0.9% growth in the performing portfolio, largely due to higher new orig- ination of mortgage loans, consumer loans and loans to businesses. The banking and insurance business contributes €415 million to total earnings, with a return on tangible equity (ROTE), excluding one-off impacts, of 9.9%. The equity investments business and the BPI business generate €60 million and €58 million, respectively. The NPL ratio falls to 4.6% (-13 basis points in the quarter). In the last twelve months, NPLs are down €2.7 billion (-19.8%), while foreclosed real estate assets available for sale fall to €4.9 billion (-86%).
    [Show full text]