<![CDATA[CaixaBank - Communication]]> https://www.caixabank.com/aplnr/comunicacion/buscador/servicio.noticiasRSS_en.html WordPress <![CDATA[Avales, subvenciones y otras figuras que te permitirán acelerar tu proyecto Next Generation EU]]> https://blog.caixabank.es/?p=23645 2022-09-28T07:37:57.0Z 2022-09-28T07:37:57.0Z <![CDATA[Avales, subvenciones y otras figuras que te permitirán acelerar tu proyecto Next Generation EU]]> 0 <![CDATA[Goirigolzarri announces that MicroBank will dedicate €3.5 billion in three years to finance more than 400,000 vulnerable households and micro-enterprises]]> https://blog.caixabank.es/?p=23645 2022-09-27T00:00:00.0Z 2022-09-27T00:00:00.0Z <![CDATA[Goirigolzarri announces that MicroBank will dedicate €3.5 billion in three years to finance more than 400,000 vulnerable households and micro-enterprises]]>  

Today, CaixaBank’s chairman, José Ignacio Goirigolzarri, announced that MicroBank, CaixaBank's social bank, by the end of 2024 will grant a total of €3.5 billion in social financing with the aim of benefiting more than 400,000 vulnerable families, entrepreneurs and micro-enterprises. The bank’s Strategic Plan 2022-2024 allocates €1.85 billion to households and €1.6 billion to businesses and entrepreneurs.

The commitment to grant €3.5 billion represents an increase of 34% in comparison to the amount granted in the 2019-2021 period and substantially increases the number of beneficiaries, from almost 312,000 in the previous Strategic Plan 2019-2021.

“The granting of microloans is the best contribution we can make to support our country's socioeconomic recovery and contribute to the well-being of the society”, CaixaBank’s chairman stated, while emphasising that “this activity is more necessary now than ever, as after the pandemic and the Ukraine invasion, there are growing social gaps and inequality, that need to be faced".

Reaching those high figures in support of the society is the first goal of MicroBank's Strategic Plan 2022-2024, which, under the 'Changing lives' slogan, is also focusing on enhancing its leadership in social financing, heightening its impact in the areas where it operates, creating new partnerships, and consolidating its management and corporate culture model.

In an effort to pave the way for social financing leadership, MicroBank will work to develop and expand its value proposition, promote better customer experience, explore new sources of revenue and expand agreements with leading partners. In parallel, it will also promote omnichannel services and operations, in order to facilitate and streamline the financing and the social impact of its activity.

MicroBank, an essential component in CaixaBank's social vocation

José Ignacio Goirigolzarri stated that MicroBank is “essential to CaixaBank's social vocation, underpinned by its unique banking model, one that is highly inclusive and close to the society and the needs of families and enterprises".

“MicroBank has become a true benchmark in the social impact investment, as the largest bank for microloans in Europe”, Goirigolzarri highlighted.

"Today, we are taking the next step in this social work by presenting MicroBank's Strategic Plan, with the goal to meet the needs of those vulnerable people and groups whose financial requirements are not sufficiently covered by the traditional financial system", he added.

Goirigolzarri noted how since its inception in 2007, MicroBank has provided over €8 billion in financing, helping one million vulnerable families and 225,000 entrepreneurs and micro-enterprises.

For his part, MicroBank’s chairman, Juan Carlos Gallego, explained that “the work of MicroBank is based on four pillars: the unconditional commitment and support of CaixaBank, the confidence of customers, collaboration with an extensive network of social entities, and the contribution of leading European institutions dedicated to promoting entrepreneurship. These pillars have made it possible to forge and consolidate an activity model that offers fruitful and measurable results".

Juan Carlos Gallego added that the bank's activity is focused on “granting microloans to families so they can pay for specific needs; on granting microloans to entrepreneurs and micro-enterprises so they can start or consolidate a business, and on social financing, through which we support entities and enterprises associated with sectors that have a social impact, such as the social economy, health, education, innovation and more".

Cristina González Viu, MicroBank's Managing Director, assured that “the new Strategic Plan gives us the tools to change more lives, maximise the impact of our work on society and benefit more people, while remaining faithful to the philosophy that has guided us throughout our 15-year history. We are also very aware that despite our unique business model, we are in a constant process of adapting to the changing environment so we can provide the best service possible".

“When we started working on the Strategic Plan, we were in a post-Covid phase, which was later compounded by the war in Ukraine, the energy crisis, inflation and rising interest rates", detailed Cristina González, who stated that “all these circumstances lead to more inequality in the society, which we are attempting to combat through microloans and social impact financing".

Heighten the positive impact: improve employability and reinforce the productive system

While the first pillar of the plan seeks to help more than 400,000 beneficiaries of microloans, the second focuses on increasing the bank's positive impact on people and society as a whole, as well as on creating alliances with social entities and European institutions that can contribute to achieving this goal. The main areas of work will focus on increasing MicroBank's efforts to be a benchmark in social impact and sustainability. These areas include working to improve the employability of people who need it the most, and to reinforce the productive system, while continuing to implement the policies of the United Nations’ 2030 Agenda.

MicroBank, as part of its ongoing commitment to serve the society as efficiently as possible, will also prioritise the consolidation of an internal management model so that it can adapt to the reality of each moment.

With this intention, CaixaBank's social bank will work to consolidate the management model in a way that is innovative, open and accessible, that guarantees its financial sustainability with the purpose of ensuring the fulfilment of its social objectives, and reinforcing the commitment and service of the people who work at MicroBank through the corporate culture plan.

15 years of social impact by the numbers

The bank, which this year celebrates its 15th anniversary, has provided over €8 billion in financing in Spain for a total of 1,243,332 social projects. Of this amount, almost €7.5 billion was in microloans. This activity has helped to create 292,678 direct jobs through the businesses and self-employed individuals who have received a microloan.

Of all the microloans, 1,000,131 of them, worth €4.93 billion, were allocated to deal with the specific needs of families, while 225,049, totalling €2.55 billion, were granted to support entrepreneurs and micro-enterprises.

Furthermore, the recently created specific loans for sectors with a social impact helped to take place 18,152 projects in Spain involving social economy, education, innovation and health, worth €665 million.

When it comes to the beneficiaries of the financing awarded by MicroBank, almost 50% of the loans went to women. By age group, 35% of the loans were given to people under 35; 24% to people of 36 to 45; 19% to people of 46 to 55; 11% to people of 56 to 65, and 11% to people over 65 years old.

Positive impact on employment

While MicroBank has helped to create 292,678 direct jobs since its inception 15 years ago, in 2021 alone it helped to create 17,007 jobs, according to a study on social impact prepared by KPMG Advisors and Stone Soup Consulting.

In 2021, the businesses supported by MicroBank contributed €3.59 billion to the Spanish economy , which is equivalent to 0.3% of Spain's GDP. Of that amount, €1.78 billion was contributed directly, and €1.81 billion through indirect or induced means.

Promoting financial inclusion

MicroBank offers solutions to different segments of the population whose financial needs are not sufficiently met. It has a crucial role in the Sustainable Banking Plan, which is part of CaixaBank’s new Strategic Plan, which entrusts it with promoting financial inclusion by providing vulnerable groups’ access to loans, as well as with enhancing its commitment to the country's socio-economic development.

As the sole shareholder of MicroBank, CaixaBank has supported its social bank since its inception by providing it the funding required to grow its lending activity while marketing MicroBank products through CaixaBank's extensive commercial network, with the aim of offering customers its entire range of products with the highest possible quality of service and proximity to clients.  

More than 290 entities throughout Spain actively collaborate in the granting of microloans, by providing knowledge on the beneficiaries of the loans, advising and following up on the projects.

MicroBank also relies on the support of Europe's leading institutions when it comes to promoting entrepreneurship and microfinance, namely the European Investment Fund (EIF), the Council of Europe Development Bank (CEB) and the European Investment Bank (EIB).

José Ignacio Goirigolzarri, CaixaBank’s Chairman Video

Juan Carlos Gallego, MicroBank’s Chairman Video

Cristina González Viu, MicroBanks's CEO Video

Video materials

Vídeo MicroBank 1

Vídeo MicroBank 2

Vídeo MicroBank 3

]]>
 

Today, CaixaBank’s chairman, José Ignacio Goirigolzarri, announced that MicroBank, CaixaBank's social bank, by the end of 2024 will grant a total of €3.5 billion in social financing with the aim of benefiting more than 400,000 vulnerable families, entrepreneurs and micro-enterprises. The bank’s Strategic Plan 2022-2024 allocates €1.85 billion to households and €1.6 billion to businesses and entrepreneurs.

The commitment to grant €3.5 billion represents an increase of 34% in comparison to the amount granted in the 2019-2021 period and substantially increases the number of beneficiaries, from almost 312,000 in the previous Strategic Plan 2019-2021.

“The granting of microloans is the best contribution we can make to support our country's socioeconomic recovery and contribute to the well-being of the society”, CaixaBank’s chairman stated, while emphasising that “this activity is more necessary now than ever, as after the pandemic and the Ukraine invasion, there are growing social gaps and inequality, that need to be faced".

Reaching those high figures in support of the society is the first goal of MicroBank's Strategic Plan 2022-2024, which, under the 'Changing lives' slogan, is also focusing on enhancing its leadership in social financing, heightening its impact in the areas where it operates, creating new partnerships, and consolidating its management and corporate culture model.

In an effort to pave the way for social financing leadership, MicroBank will work to develop and expand its value proposition, promote better customer experience, explore new sources of revenue and expand agreements with leading partners. In parallel, it will also promote omnichannel services and operations, in order to facilitate and streamline the financing and the social impact of its activity.

MicroBank, an essential component in CaixaBank's social vocation

José Ignacio Goirigolzarri stated that MicroBank is “essential to CaixaBank's social vocation, underpinned by its unique banking model, one that is highly inclusive and close to the society and the needs of families and enterprises".

“MicroBank has become a true benchmark in the social impact investment, as the largest bank for microloans in Europe”, Goirigolzarri highlighted.

"Today, we are taking the next step in this social work by presenting MicroBank's Strategic Plan, with the goal to meet the needs of those vulnerable people and groups whose financial requirements are not sufficiently covered by the traditional financial system", he added.

Goirigolzarri noted how since its inception in 2007, MicroBank has provided over €8 billion in financing, helping one million vulnerable families and 225,000 entrepreneurs and micro-enterprises.

For his part, MicroBank’s chairman, Juan Carlos Gallego, explained that “the work of MicroBank is based on four pillars: the unconditional commitment and support of CaixaBank, the confidence of customers, collaboration with an extensive network of social entities, and the contribution of leading European institutions dedicated to promoting entrepreneurship. These pillars have made it possible to forge and consolidate an activity model that offers fruitful and measurable results".

Juan Carlos Gallego added that the bank's activity is focused on “granting microloans to families so they can pay for specific needs; on granting microloans to entrepreneurs and micro-enterprises so they can start or consolidate a business, and on social financing, through which we support entities and enterprises associated with sectors that have a social impact, such as the social economy, health, education, innovation and more".

Cristina González Viu, MicroBank's Managing Director, assured that “the new Strategic Plan gives us the tools to change more lives, maximise the impact of our work on society and benefit more people, while remaining faithful to the philosophy that has guided us throughout our 15-year history. We are also very aware that despite our unique business model, we are in a constant process of adapting to the changing environment so we can provide the best service possible".

“When we started working on the Strategic Plan, we were in a post-Covid phase, which was later compounded by the war in Ukraine, the energy crisis, inflation and rising interest rates", detailed Cristina González, who stated that “all these circumstances lead to more inequality in the society, which we are attempting to combat through microloans and social impact financing".

Heighten the positive impact: improve employability and reinforce the productive system

While the first pillar of the plan seeks to help more than 400,000 beneficiaries of microloans, the second focuses on increasing the bank's positive impact on people and society as a whole, as well as on creating alliances with social entities and European institutions that can contribute to achieving this goal. The main areas of work will focus on increasing MicroBank's efforts to be a benchmark in social impact and sustainability. These areas include working to improve the employability of people who need it the most, and to reinforce the productive system, while continuing to implement the policies of the United Nations’ 2030 Agenda.

MicroBank, as part of its ongoing commitment to serve the society as efficiently as possible, will also prioritise the consolidation of an internal management model so that it can adapt to the reality of each moment.

With this intention, CaixaBank's social bank will work to consolidate the management model in a way that is innovative, open and accessible, that guarantees its financial sustainability with the purpose of ensuring the fulfilment of its social objectives, and reinforcing the commitment and service of the people who work at MicroBank through the corporate culture plan.

15 years of social impact by the numbers

The bank, which this year celebrates its 15th anniversary, has provided over €8 billion in financing in Spain for a total of 1,243,332 social projects. Of this amount, almost €7.5 billion was in microloans. This activity has helped to create 292,678 direct jobs through the businesses and self-employed individuals who have received a microloan.

Of all the microloans, 1,000,131 of them, worth €4.93 billion, were allocated to deal with the specific needs of families, while 225,049, totalling €2.55 billion, were granted to support entrepreneurs and micro-enterprises.

Furthermore, the recently created specific loans for sectors with a social impact helped to take place 18,152 projects in Spain involving social economy, education, innovation and health, worth €665 million.

When it comes to the beneficiaries of the financing awarded by MicroBank, almost 50% of the loans went to women. By age group, 35% of the loans were given to people under 35; 24% to people of 36 to 45; 19% to people of 46 to 55; 11% to people of 56 to 65, and 11% to people over 65 years old.

Positive impact on employment

While MicroBank has helped to create 292,678 direct jobs since its inception 15 years ago, in 2021 alone it helped to create 17,007 jobs, according to a study on social impact prepared by KPMG Advisors and Stone Soup Consulting.

In 2021, the businesses supported by MicroBank contributed €3.59 billion to the Spanish economy , which is equivalent to 0.3% of Spain's GDP. Of that amount, €1.78 billion was contributed directly, and €1.81 billion through indirect or induced means.

Promoting financial inclusion

MicroBank offers solutions to different segments of the population whose financial needs are not sufficiently met. It has a crucial role in the Sustainable Banking Plan, which is part of CaixaBank’s new Strategic Plan, which entrusts it with promoting financial inclusion by providing vulnerable groups’ access to loans, as well as with enhancing its commitment to the country's socio-economic development.

As the sole shareholder of MicroBank, CaixaBank has supported its social bank since its inception by providing it the funding required to grow its lending activity while marketing MicroBank products through CaixaBank's extensive commercial network, with the aim of offering customers its entire range of products with the highest possible quality of service and proximity to clients.  

More than 290 entities throughout Spain actively collaborate in the granting of microloans, by providing knowledge on the beneficiaries of the loans, advising and following up on the projects.

MicroBank also relies on the support of Europe's leading institutions when it comes to promoting entrepreneurship and microfinance, namely the European Investment Fund (EIF), the Council of Europe Development Bank (CEB) and the European Investment Bank (EIB).

José Ignacio Goirigolzarri, CaixaBank’s Chairman Video

Juan Carlos Gallego, MicroBank’s Chairman Video

Cristina González Viu, MicroBanks's CEO Video

Video materials

Vídeo MicroBank 1

Vídeo MicroBank 2

Vídeo MicroBank 3

]]>
0
<![CDATA[CaixaBank creates an alternative debt fund worth €500 million offering corporates additional financing]]> https://blog.caixabank.es/?p=23645 2022-09-22T00:00:00.0Z 2022-09-22T00:00:00.0Z <![CDATA[CaixaBank creates an alternative debt fund worth €500 million offering corporates additional financing]]>  

CaixaBank has strengthened its support to businesses with the launch of its first alternative debt fund. The new product, called ‘Added Value Fund’, will offer a source of additional financing to companies and will be funded from CaixaBank's own balance sheet. The ‘Added Value Fund’ will have an initial endowment of €500 million to invest across three years.

Through this new financial product, the companies whose EBITDA is in the range of €8 million - €10 million over the last three years will be able to access alternative financing for operations valued between €5 million and €50 million. The maximum term to pay back the loan is seven years with no set repayment schedule. Instead, companies will have the option to pay the loan back at their own pace, a feature that makes this product unique in the market.

As for the purpose of the financing offered through this fund, the bank will prioritise those projects that satisfy ESG criteria, as well as operations involving expansion plans, inorganic growth and stock restructurings.

The ‘Added Value Fund’ product is exclusive to CaixaBank Business, the department that specialises in the corporate sector and is headed by Luis Cabanas. The new financial vehicle will be spearheaded by Jesús Losa and Javier Rubio.

CaixaBank, we know about companies, we know about people

CaixaBank is a benchmark institution for businesses with a specialised model, which underpins a network of 145 CaixaBank Empresas centres distributed across all the autonomous communities in Spain, with more than 1,500 highly-qualified employees and a solid reputation in business consulting. These centres have professionals specialised in financing and services, foreign trade and treasury management, structured financing, tourism and real estate – all offering customised services and products to support, promote and meet the needs of companies in these fields. 

Internationally, CaixaBank supports its business customers with various operational solutions through effective regional access to 127 markets in different countries in addition to its highly-specialised advisers who work in the branches in Spain – offering the best advice for business transactions abroad. The bank provides its services to both SMEs and micro-enterprises that are starting out in exports, and to large corporations and business groups that are involved in more complex international projects. 

]]>
 

CaixaBank has strengthened its support to businesses with the launch of its first alternative debt fund. The new product, called ‘Added Value Fund’, will offer a source of additional financing to companies and will be funded from CaixaBank's own balance sheet. The ‘Added Value Fund’ will have an initial endowment of €500 million to invest across three years.

Through this new financial product, the companies whose EBITDA is in the range of €8 million - €10 million over the last three years will be able to access alternative financing for operations valued between €5 million and €50 million. The maximum term to pay back the loan is seven years with no set repayment schedule. Instead, companies will have the option to pay the loan back at their own pace, a feature that makes this product unique in the market.

As for the purpose of the financing offered through this fund, the bank will prioritise those projects that satisfy ESG criteria, as well as operations involving expansion plans, inorganic growth and stock restructurings.

The ‘Added Value Fund’ product is exclusive to CaixaBank Business, the department that specialises in the corporate sector and is headed by Luis Cabanas. The new financial vehicle will be spearheaded by Jesús Losa and Javier Rubio.

CaixaBank, we know about companies, we know about people

CaixaBank is a benchmark institution for businesses with a specialised model, which underpins a network of 145 CaixaBank Empresas centres distributed across all the autonomous communities in Spain, with more than 1,500 highly-qualified employees and a solid reputation in business consulting. These centres have professionals specialised in financing and services, foreign trade and treasury management, structured financing, tourism and real estate – all offering customised services and products to support, promote and meet the needs of companies in these fields. 

Internationally, CaixaBank supports its business customers with various operational solutions through effective regional access to 127 markets in different countries in addition to its highly-specialised advisers who work in the branches in Spain – offering the best advice for business transactions abroad. The bank provides its services to both SMEs and micro-enterprises that are starting out in exports, and to large corporations and business groups that are involved in more complex international projects. 

]]>
0
<![CDATA[Maite Casademunt, chairwoman and creative director of LOLA CASADEMUNT, wins ‘CaixaBank Women in Business Award 2022’]]> https://blog.caixabank.es/?p=23645 2022-09-21T00:00:00.0Z 2022-09-21T00:00:00.0Z <![CDATA[Maite Casademunt, chairwoman and creative director of LOLA CASADEMUNT, wins ‘CaixaBank Women in Business Award 2022’]]>  

Maite Casademunt, chairwoman and creative director of LOLA CASADEMUNT, a fashion and accessories company for women, has been chosen as the national winner in the sixth edition of the ‘CaixaBank Women in Business Award'. Every year CaixaBank recognises the professional talent and excellence of female entrepreneurs  in Spain, while also providing the platform for them to network  with the world's leading companies.

The panel of judges  for the award, consisting of a group of directors at CaixaBank, chose the Catalan executive out of 14 regional winners for her outstanding career, during which she  helped to establish LOLA CASADEMUNT as a leading fashion brand in Spain, present on the catwalks at 080 Barcelona Fashion and Mercedes-Benz Fashion Week Madrid. Additionally, under her stewardship, the business has grown significantly and expanded  to international market through commercial partners in Europe and America. The company, which has more than 550 multibrand sales points and an e-shop in Spain, is already present in nine other countries, including Andorra, Belgium, Cyprus, France, Italy, Mexico, Puerto Rico, Portugal and Ireland. Currently, the international market accounts for 13% of LOLA CASADEMUNT's business.

The judges also took into account Maite Casademunt's firm commitment to corporate accountability and sustainability. The executive devised the company's CSR programme, LOLA LOVES LIFE, which focuses on combatting breast cancer, fighting loneliness amongst the elderly, supporting families at risk of social exclusion, and vulnerable people, similar to those affected by the conflict in Ukraine. In the area of the sustainability, 35% of the company's production is local, and it has set a goal to have 100% of its collections be sustainable by 2025. The company managed to save over 8,800 kilos of plastic and more than 35,700 kilos of CO2 with the production of the last three collections of 2021.

Maite Casademunt, born in Cardedeu (Barcelona) and trained at the Advanced School of Image and Design in Barcelona, doesn't just own the business, she is also the lead designer at the firm. She worked alongside her mother from an early age until she finished her design studies. The company changed course after she was hired, with the creation of a fashion line. Since 2018, she has been the owner and chairwoman of LOLA CASADEMUNT, initiating a process of greater professionalisation in management to lead the family business into a new era of growth.

Maite Casademunt said: “It's an honour to receive this award, which undoubtedly recognises the work that we have been doing in recent years at LOLA CASADEMUNT. It is a firm that my mother founded over 40 years ago and that today it is going through a high point as her dreams have been achieved, thanks to the ownership stake acquired by my husband, Fernando Espona, and to the commitment and hard work of all the staff.

“In just three short years, we have professionalised the company with the addition of our manager Paco Sánchez, and a great team of professionals heading up the firm's various departments. We have set up a business strategy with clear goals that have taken the company to a great level, with our collections being shown at two official fashion shows in Spain, 080 Barcelona Fashion and the Mercedes-Benz Fashion Week Madrid. We have expanded both nationally and abroad; and last year we celebrated our 40th anniversary with the launch of our first image campaign, with one of the world's leading models, Nieves Álvarez.

“These landmark achievements push us to keep learning so we can keep developing projects that enhance the company and make it grow solidly and sustainably."

The IWEC Awards

As the winner of the ‘CaixaBank Women in Business Award', Maite Casademunt will be one of the Spanish businesswomen awarded at the IWEC Awards 2022, which will be presented during the International Women’s Entrepreneurial Challenge conference, held in Madrid from 13 to 15 November.

The International Women’s Entrepreneurial Challenge (IWEC), headquartered in New York, is a global network of leading women entrepreneurs in their sector who advocate for business ownership and who cooperate globally through chambers of commerce and business organisations in order to engage with and develop female leadership.

Every year, within the framework of its Annual Conference, IWEC hands out awards in recognition and support of businesswomen all over the world. Among other aspects, the IWEC awards aim to increase the awareness of businesswomen, so that they can represent a major and decisive element in the development of the 21st century global economy.

After two years of virtual conferences, this year the IWEC awards will be presented in Madrid from 13 to 15 November, at a gathering that will bring together important personalities from the world of business, and which will be sponsored by CaixaBank. 

Since its founding in 2007, IWEC has recognised 460 businesswomen from 47 countries. The companies led by these entrepreneurs generate 295,416 jobs and a joint revenue of over $41.1 billion. 

Wengage, CaixaBank's commitment to equality

Diversity, meritocracy, equal opportunities and talent recognition are some of the pillars of CaixaBank's corporate culture. Under these pillars, the bank works with a commitment to be a pacesetter for its employees, promoting inclusion and participation and bolstering projects that promote equality, both within the company and across the whole of society. In fact, at CaixaBank, women hold 41.3% of managerial positions and 40% of the Board of Directors, one of the highest percentages in the sector. 

CaixaBank has its own diversity programme, Wengage, developed by people from all areas of the company, based on meritocracy and promoting equal opportunities, which works to promote and achieve gender, functional and generational diversity. Wengage includes internal measures to foster flexibility and work-life balance, to raise awareness regarding diversity and strengthen the role of women, with training programmes and female mentoring plans, through which female managers will guide other professionals in developing their careers.  

Wengage also undertakes initiatives externally for customers and society, promoting diversity and equal opportunity in three areas of activity: leadership and entrepreneurship, innovation and education, and sport.

In addition, CaixaBank has an Equality Plan to promote the principles of equal opportunity and the diversity of work teams, enhance the presence of women in managerial positions, and reinforce measures to balance personal and professional life. The plan features the scope of gender in managerial development programmes and in recruitment and training processes, and the fostering of teleworking and flexibility.  

CaixaBank is associated with the international programme Target Gender Equality and the Women’s Empowerment Principles, of the United Nations; to the Voluntary Agreement with the Ministry of Health, Social Services and Equality, "More women"; and to the Diversity Charter, promoting equal opportunities and anti-discriminatory measures.

Furthermore, since 2018, CaixaBank has adhered to the EJE&CON Code of Good Practices for Talent Management and the Improvement of Company Competitiveness, committing itself to fostering the presence of women in managerial positions. It is also part of the STEAM Alliance for Female Talent "Girls on the Science Stand", an initiative led by the Ministry of Education and Vocational Training to promote STEAM careers in girls and young women.

Thanks to this commitment, CaixaBank is among the world's top five companies in Bloomberg's 2022 Gender Equality Index.

]]>
 

Maite Casademunt, chairwoman and creative director of LOLA CASADEMUNT, a fashion and accessories company for women, has been chosen as the national winner in the sixth edition of the ‘CaixaBank Women in Business Award'. Every year CaixaBank recognises the professional talent and excellence of female entrepreneurs  in Spain, while also providing the platform for them to network  with the world's leading companies.

The panel of judges  for the award, consisting of a group of directors at CaixaBank, chose the Catalan executive out of 14 regional winners for her outstanding career, during which she  helped to establish LOLA CASADEMUNT as a leading fashion brand in Spain, present on the catwalks at 080 Barcelona Fashion and Mercedes-Benz Fashion Week Madrid. Additionally, under her stewardship, the business has grown significantly and expanded  to international market through commercial partners in Europe and America. The company, which has more than 550 multibrand sales points and an e-shop in Spain, is already present in nine other countries, including Andorra, Belgium, Cyprus, France, Italy, Mexico, Puerto Rico, Portugal and Ireland. Currently, the international market accounts for 13% of LOLA CASADEMUNT's business.

The judges also took into account Maite Casademunt's firm commitment to corporate accountability and sustainability. The executive devised the company's CSR programme, LOLA LOVES LIFE, which focuses on combatting breast cancer, fighting loneliness amongst the elderly, supporting families at risk of social exclusion, and vulnerable people, similar to those affected by the conflict in Ukraine. In the area of the sustainability, 35% of the company's production is local, and it has set a goal to have 100% of its collections be sustainable by 2025. The company managed to save over 8,800 kilos of plastic and more than 35,700 kilos of CO2 with the production of the last three collections of 2021.

Maite Casademunt, born in Cardedeu (Barcelona) and trained at the Advanced School of Image and Design in Barcelona, doesn't just own the business, she is also the lead designer at the firm. She worked alongside her mother from an early age until she finished her design studies. The company changed course after she was hired, with the creation of a fashion line. Since 2018, she has been the owner and chairwoman of LOLA CASADEMUNT, initiating a process of greater professionalisation in management to lead the family business into a new era of growth.

Maite Casademunt said: “It's an honour to receive this award, which undoubtedly recognises the work that we have been doing in recent years at LOLA CASADEMUNT. It is a firm that my mother founded over 40 years ago and that today it is going through a high point as her dreams have been achieved, thanks to the ownership stake acquired by my husband, Fernando Espona, and to the commitment and hard work of all the staff.

“In just three short years, we have professionalised the company with the addition of our manager Paco Sánchez, and a great team of professionals heading up the firm's various departments. We have set up a business strategy with clear goals that have taken the company to a great level, with our collections being shown at two official fashion shows in Spain, 080 Barcelona Fashion and the Mercedes-Benz Fashion Week Madrid. We have expanded both nationally and abroad; and last year we celebrated our 40th anniversary with the launch of our first image campaign, with one of the world's leading models, Nieves Álvarez.

“These landmark achievements push us to keep learning so we can keep developing projects that enhance the company and make it grow solidly and sustainably."

The IWEC Awards

As the winner of the ‘CaixaBank Women in Business Award', Maite Casademunt will be one of the Spanish businesswomen awarded at the IWEC Awards 2022, which will be presented during the International Women’s Entrepreneurial Challenge conference, held in Madrid from 13 to 15 November.

The International Women’s Entrepreneurial Challenge (IWEC), headquartered in New York, is a global network of leading women entrepreneurs in their sector who advocate for business ownership and who cooperate globally through chambers of commerce and business organisations in order to engage with and develop female leadership.

Every year, within the framework of its Annual Conference, IWEC hands out awards in recognition and support of businesswomen all over the world. Among other aspects, the IWEC awards aim to increase the awareness of businesswomen, so that they can represent a major and decisive element in the development of the 21st century global economy.

After two years of virtual conferences, this year the IWEC awards will be presented in Madrid from 13 to 15 November, at a gathering that will bring together important personalities from the world of business, and which will be sponsored by CaixaBank. 

Since its founding in 2007, IWEC has recognised 460 businesswomen from 47 countries. The companies led by these entrepreneurs generate 295,416 jobs and a joint revenue of over $41.1 billion. 

Wengage, CaixaBank's commitment to equality

Diversity, meritocracy, equal opportunities and talent recognition are some of the pillars of CaixaBank's corporate culture. Under these pillars, the bank works with a commitment to be a pacesetter for its employees, promoting inclusion and participation and bolstering projects that promote equality, both within the company and across the whole of society. In fact, at CaixaBank, women hold 41.3% of managerial positions and 40% of the Board of Directors, one of the highest percentages in the sector. 

CaixaBank has its own diversity programme, Wengage, developed by people from all areas of the company, based on meritocracy and promoting equal opportunities, which works to promote and achieve gender, functional and generational diversity. Wengage includes internal measures to foster flexibility and work-life balance, to raise awareness regarding diversity and strengthen the role of women, with training programmes and female mentoring plans, through which female managers will guide other professionals in developing their careers.  

Wengage also undertakes initiatives externally for customers and society, promoting diversity and equal opportunity in three areas of activity: leadership and entrepreneurship, innovation and education, and sport.

In addition, CaixaBank has an Equality Plan to promote the principles of equal opportunity and the diversity of work teams, enhance the presence of women in managerial positions, and reinforce measures to balance personal and professional life. The plan features the scope of gender in managerial development programmes and in recruitment and training processes, and the fostering of teleworking and flexibility.  

CaixaBank is associated with the international programme Target Gender Equality and the Women’s Empowerment Principles, of the United Nations; to the Voluntary Agreement with the Ministry of Health, Social Services and Equality, "More women"; and to the Diversity Charter, promoting equal opportunities and anti-discriminatory measures.

Furthermore, since 2018, CaixaBank has adhered to the EJE&CON Code of Good Practices for Talent Management and the Improvement of Company Competitiveness, committing itself to fostering the presence of women in managerial positions. It is also part of the STEAM Alliance for Female Talent "Girls on the Science Stand", an initiative led by the Ministry of Education and Vocational Training to promote STEAM careers in girls and young women.

Thanks to this commitment, CaixaBank is among the world's top five companies in Bloomberg's 2022 Gender Equality Index.

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0
<![CDATA[CaixaBank becomes the only European bank selected by the ECB to collaborate in prototyping the digital euro]]> https://blog.caixabank.es/?p=23645 2022-09-16T00:00:00.0Z 2022-09-16T00:00:00.0Z <![CDATA[CaixaBank becomes the only European bank selected by the ECB to collaborate in prototyping the digital euro]]>  

The European Central Bank (ECB) has selected CaixaBank and four other organisations to collaborate in the development a prototype of a digital euro. The institution launched a call with the aim of selecting entities to develop technology projects associated with the creation of the European digital currency. CaixaBank, the only European bank selected for the project and will be responsible for producing a prototype for peer-to-peer (P2P) online payments using the digital euro.

Starting September and until the end of this year, CaixaBank will be developing a mobile application that simulates the steps individuals will need to transfer digital euros to their account and/or transfer digital euros to other individuals.

CaixaBank's extensive experience and leadership in the field of innovation and payment methods, as well as the quality of its services, internal capacity to develop such projects and its market coverage, have been some of the key aspects considered by the ECB during the selection process.

Objective to explore solutions for digital euro payments

In April this year, the ECB launched a call for payment service providers, banks and other relevant market participants to unite and engage in the creation of prototypes for digital euro payment services aimed at customers. Fifty-four companies responded, spanning from banks to multinational technology companies.

In addition to CaixaBank, the other four companies selected for this stage will produce prototypes for other user interfaces of the digital euro, such as offline P2P payments, POS payments (including specific processes based on whether they are initiated by the business or the customer) and e-commerce payments.

The ECB is currently investigating how a digital euro could look like. If a digital euro should be issued, it would not replace cash or other existing payment methods, but instead complement them by becoming another payment option, thus contributing to advancing financial inclusion and accessibility.

CaixaBank, leader in innovation

Technology and innovation are crucial for CaixaBank. With more than 11 million users of its digital banking service – the largest customer base in the Spanish financial sector – the bank works on a daily basis towards developing new models that are able to meet the requirements and the needs of its customers and that bring its products, services and financial culture closer to all citizens. 

CaixaBank is the leading bank in payment methods with a 32.1% market share in retailer turnover, and more than 3 million clients of mobile payments. Today, CaixaBank has in its digital banking app CaixaBankNow, the option of mobile payments, integrated in a wide service range for payment management. CaixaBankNow has iOS and Android versions and it is also compatible with Apple Pay, Samsung Pay, Garmin Pay and FitBit Pay. CaixaBank is also the first Spanish bank compatible with Swatch Pay, allowing payments with Swatch’s analogical watches.

The financial institution boasts its own technology subsidiary, CaixaBank Tech, and multidisciplinary teams that transfer innovation to all areas across the organisation. As part of its digitisation process, it has launched various projects underpinning blockchain technology, quantum computing, artificial intelligence, big data and cloud computing, among others. These technologies are used to provide CaixaBank’s financial advisers with additional and better resources to advise their customers, drive the customisation of its commercial offering, with the aim of improving customer loyalty, develop new financial services and streamline the decision-making process.  

Thanks to its digital transformation strategy, CaixaBank has become one of the highest rated banks in the world for the quality of its digital products and services, and has received various international acknowledgments, such as the "Most Innovative Financial Institution in Western Europe 2022" by Global Finance and the "Most Innovative Bank in the World 2021" at the EFMA & Accenture Awards. In terms of digital banking, it was named "Best Digital Retail Bank in Spain 2021" and acknowledged as "Best Retail Bank Website Design in Western Europe 2021" and "Best Retail Banking Mobile Application in Western Europe 2021" by Global Finance.    

In the field of private banking, CaixaBank was chosen as the "Most Innovative Private Bank in Western Europe 2022" by Global Finance, whereas the UK magazine PWM (Financial Times Group) named it the "Best Private Banking Entity in Big Data and Artificial Intelligence Analysis in Europe 2022" and "Best Private Bank in Digital Marketing and Communication in Europe 2022".

]]>
 

The European Central Bank (ECB) has selected CaixaBank and four other organisations to collaborate in the development a prototype of a digital euro. The institution launched a call with the aim of selecting entities to develop technology projects associated with the creation of the European digital currency. CaixaBank, the only European bank selected for the project and will be responsible for producing a prototype for peer-to-peer (P2P) online payments using the digital euro.

Starting September and until the end of this year, CaixaBank will be developing a mobile application that simulates the steps individuals will need to transfer digital euros to their account and/or transfer digital euros to other individuals.

CaixaBank's extensive experience and leadership in the field of innovation and payment methods, as well as the quality of its services, internal capacity to develop such projects and its market coverage, have been some of the key aspects considered by the ECB during the selection process.

Objective to explore solutions for digital euro payments

In April this year, the ECB launched a call for payment service providers, banks and other relevant market participants to unite and engage in the creation of prototypes for digital euro payment services aimed at customers. Fifty-four companies responded, spanning from banks to multinational technology companies.

In addition to CaixaBank, the other four companies selected for this stage will produce prototypes for other user interfaces of the digital euro, such as offline P2P payments, POS payments (including specific processes based on whether they are initiated by the business or the customer) and e-commerce payments.

The ECB is currently investigating how a digital euro could look like. If a digital euro should be issued, it would not replace cash or other existing payment methods, but instead complement them by becoming another payment option, thus contributing to advancing financial inclusion and accessibility.

CaixaBank, leader in innovation

Technology and innovation are crucial for CaixaBank. With more than 11 million users of its digital banking service – the largest customer base in the Spanish financial sector – the bank works on a daily basis towards developing new models that are able to meet the requirements and the needs of its customers and that bring its products, services and financial culture closer to all citizens. 

CaixaBank is the leading bank in payment methods with a 32.1% market share in retailer turnover, and more than 3 million clients of mobile payments. Today, CaixaBank has in its digital banking app CaixaBankNow, the option of mobile payments, integrated in a wide service range for payment management. CaixaBankNow has iOS and Android versions and it is also compatible with Apple Pay, Samsung Pay, Garmin Pay and FitBit Pay. CaixaBank is also the first Spanish bank compatible with Swatch Pay, allowing payments with Swatch’s analogical watches.

The financial institution boasts its own technology subsidiary, CaixaBank Tech, and multidisciplinary teams that transfer innovation to all areas across the organisation. As part of its digitisation process, it has launched various projects underpinning blockchain technology, quantum computing, artificial intelligence, big data and cloud computing, among others. These technologies are used to provide CaixaBank’s financial advisers with additional and better resources to advise their customers, drive the customisation of its commercial offering, with the aim of improving customer loyalty, develop new financial services and streamline the decision-making process.  

Thanks to its digital transformation strategy, CaixaBank has become one of the highest rated banks in the world for the quality of its digital products and services, and has received various international acknowledgments, such as the "Most Innovative Financial Institution in Western Europe 2022" by Global Finance and the "Most Innovative Bank in the World 2021" at the EFMA & Accenture Awards. In terms of digital banking, it was named "Best Digital Retail Bank in Spain 2021" and acknowledged as "Best Retail Bank Website Design in Western Europe 2021" and "Best Retail Banking Mobile Application in Western Europe 2021" by Global Finance.    

In the field of private banking, CaixaBank was chosen as the "Most Innovative Private Bank in Western Europe 2022" by Global Finance, whereas the UK magazine PWM (Financial Times Group) named it the "Best Private Banking Entity in Big Data and Artificial Intelligence Analysis in Europe 2022" and "Best Private Bank in Digital Marketing and Communication in Europe 2022".

]]>
0
<![CDATA[Aena signs a €650 million sustainable syndicated loan facility led by CaixaBank]]> https://blog.caixabank.es/?p=23645 2022-09-13T10:00:00.0Z 2022-09-13T10:00:00.0Z <![CDATA[Aena signs a €650 million sustainable syndicated loan facility led by CaixaBank]]> Aena, the Spanish airports operator, has signed a sustainable syndicated loan facility (ESG-linked RCF) of  €650 million in a financing deal led by CaixaBank, which has acted as coordinator of the loan, global bookrunner and mandated lead arranger,  as well as sustainability agent and payment agent. Deutsche Bank, Intesa Sanpaolo, BNP Paribas, Société Générale, Bankinter and Sabadell have also participated in the syndicate.

The facility will increase the company’s available cash flow for its corporate requirements.

The sustainable loan's interest rate margin has been linked to the changes in Aena's ESG (Environmental, Social and Governance) rating provided by sustainability agency MSCI. An improvement in its ESG rating could allow Aena to obtain an improved interest rate margin.

This is the second sustainable syndicated loan entered into by Aena and one of the most significant in Spain this year.

CaixaBank, a European benchmark in sustainability

As part of its new 2022-2024 Strategic Plan, CaixaBank has set itself the strategic priority of becoming a European benchmark in sustainability. To succeed in this aim, the financial institution is seeking to mobilise €64 billion in sustainable financing to drive the transition among companies and the society.

CaixaBank was the leading bank in sustainable financing in Europe in the first half of the year, according to the Refinitiv ranking, which sees CaixaBank in the top position of the EMEA Top Tier Green & ESG-Linked Loans ranking. CaixaBank also claimed the first place in green financing in Europe in the first half of 2022, according to Bloomberg’s Green Use of Proceeds – Top Tier Lender league table.

]]>
Aena, the Spanish airports operator, has signed a sustainable syndicated loan facility (ESG-linked RCF) of  €650 million in a financing deal led by CaixaBank, which has acted as coordinator of the loan, global bookrunner and mandated lead arranger,  as well as sustainability agent and payment agent. Deutsche Bank, Intesa Sanpaolo, BNP Paribas, Société Générale, Bankinter and Sabadell have also participated in the syndicate.

The facility will increase the company’s available cash flow for its corporate requirements.

The sustainable loan's interest rate margin has been linked to the changes in Aena's ESG (Environmental, Social and Governance) rating provided by sustainability agency MSCI. An improvement in its ESG rating could allow Aena to obtain an improved interest rate margin.

This is the second sustainable syndicated loan entered into by Aena and one of the most significant in Spain this year.

CaixaBank, a European benchmark in sustainability

As part of its new 2022-2024 Strategic Plan, CaixaBank has set itself the strategic priority of becoming a European benchmark in sustainability. To succeed in this aim, the financial institution is seeking to mobilise €64 billion in sustainable financing to drive the transition among companies and the society.

CaixaBank was the leading bank in sustainable financing in Europe in the first half of the year, according to the Refinitiv ranking, which sees CaixaBank in the top position of the EMEA Top Tier Green & ESG-Linked Loans ranking. CaixaBank also claimed the first place in green financing in Europe in the first half of 2022, according to Bloomberg’s Green Use of Proceeds – Top Tier Lender league table.

]]>
0
<![CDATA[CaixaBank issues 1,000 million euros in its first green bond of the year]]> https://blog.caixabank.es/?p=23645 2022-08-31T17:00:00.0Z 2022-08-31T17:00:00.0Z <![CDATA[CaixaBank issues 1,000 million euros in its first green bond of the year]]> Today, CaixaBank closed its fourth bond issue of 2022, and the first senior preferred green bond this year, placing €1 billion over 7 years.

The price was set at 155 basis points (bp) over mid-swap, 20bp below the 175bp offered in the announcement, due to the high demand, which exceeded €1.7 billion. Nearly 80 corporate investors purchased the issue. The coupon was set at 3.75%.

The companies overseeing the placement were Bank of America, CaixaBank, HSBC, Morgan Stanley and UBS.

Through this issue, CaixaBank will channel funds to finance eligible environmental projects under the framework of the bond issues related to the Sustainable Development Goals (SDG) of CaixaBank; specifically, to promote SDG number 7, on affordable and clean energy, and 9, on industry, innovation and infrastructures, which seeks to achieve resilient infrastructure, sustainable industrialisation and to promote innovation.

As a result, and by adhering to the strict selection criteria, as per the bank's Environmental Risks policy, on 30 June 2022, CaixaBank identified more than €7.6 billion of eligible environmental assets. Out of this, €6.5 billion were assets that finance renewable energy projects, and €1,1 billion corresponded to real estate assets with an energy efficiency rating of A or B.

CaixaBank's fifth green bond

Today's issue is CaixaBank's fifth green bond. In 2021, the company issued three green bonds: two for £1 billion and one for £500 million. CaixaBank issued its first green bond in November 2020, in an operation that also secured €1 billion euros.

In August 2019, CaixaBank approved the bond issuance framework linked to the SDG, with the validation of Sustainalytics, underpinning the mission of supporting the United Nations SDGs. Since the approval of the aforementioned framework, CaixaBank has issued nine of its own bonds (five green and four social) valued at €8 billion and £500 million, solidifying its standing as a leading issuer of ESG bonds.

]]>
Today, CaixaBank closed its fourth bond issue of 2022, and the first senior preferred green bond this year, placing €1 billion over 7 years.

The price was set at 155 basis points (bp) over mid-swap, 20bp below the 175bp offered in the announcement, due to the high demand, which exceeded €1.7 billion. Nearly 80 corporate investors purchased the issue. The coupon was set at 3.75%.

The companies overseeing the placement were Bank of America, CaixaBank, HSBC, Morgan Stanley and UBS.

Through this issue, CaixaBank will channel funds to finance eligible environmental projects under the framework of the bond issues related to the Sustainable Development Goals (SDG) of CaixaBank; specifically, to promote SDG number 7, on affordable and clean energy, and 9, on industry, innovation and infrastructures, which seeks to achieve resilient infrastructure, sustainable industrialisation and to promote innovation.

As a result, and by adhering to the strict selection criteria, as per the bank's Environmental Risks policy, on 30 June 2022, CaixaBank identified more than €7.6 billion of eligible environmental assets. Out of this, €6.5 billion were assets that finance renewable energy projects, and €1,1 billion corresponded to real estate assets with an energy efficiency rating of A or B.

CaixaBank's fifth green bond

Today's issue is CaixaBank's fifth green bond. In 2021, the company issued three green bonds: two for £1 billion and one for £500 million. CaixaBank issued its first green bond in November 2020, in an operation that also secured €1 billion euros.

In August 2019, CaixaBank approved the bond issuance framework linked to the SDG, with the validation of Sustainalytics, underpinning the mission of supporting the United Nations SDGs. Since the approval of the aforementioned framework, CaixaBank has issued nine of its own bonds (five green and four social) valued at €8 billion and £500 million, solidifying its standing as a leading issuer of ESG bonds.

]]>
0
<![CDATA[imagin reaches 4 million users, an increase of 36% year on year, and consolidates its leadership position among neobanks]]> https://blog.caixabank.es/?p=23645 2022-08-30T00:00:00.0Z 2022-08-30T00:00:00.0Z <![CDATA[imagin reaches 4 million users, an increase of 36% year on year, and consolidates its leadership position among neobanks]]>  

imagin, CaixaBank's digital services and lifestyle platform, has reached 4 million users in its second year of activity, equivalent to a growth of 36% if compared to June 2021. The platform is a leader among the main neobanks and fintechs, with a market share of 14.3% in Spain, according to data from Smartme Analytics. Additionally, imagin is among the apps with the most active users in the last 12 months, having achieved an annual increase of 40% in 2022, according to Data.ai.

These figures reinforce imagin's leadership as a digital financial services player. In addition to growing the number of new users, the platform has also succeeded in increasing the loyalty of existing imaginers. Over the past year, two out of three imagin users have logged into the application more than three times a week on average. An important indicator of the volume of activity is that June 2022 alone saw over 39 million logins to the app, and over 6.7 million monthly transactions through Bizum. 

According to the imagin data, the average age of the platform's users is 25, and 91% of customers have made a transaction through the platform in the last six months, 840,000 of whom used mobile payments.

The growth of imagin is testament to the efforts to retain users by creating digital financial and non-financial services that, unlike traditional banks, means there is no need to  become a bank customer. Over the past year, the platform has launched a multitude of digital services and content that have sparked great interest in the imaginers community around some of its key programmes, such as sustainability (imaginPlanet), music (imaginMusic) and trends (imaginCafé).

Commitment to sustainability

imagin remains committed to raising its users' awareness of sustainability, and this year launched a new feature on its app to enable imaginers calculate their carbon footprint. Through the CO2 footprint calculator, imagin users can measure their impact on the planet.

This new feature allows imaginers determine their carbon footprint and see how they rank with respect to the average in Spain. To do so, users have to take a quick survey on their lifestyle habits involving food consumption, purchases, home and travel. Users can also access content with recommendations and tips to improve their habits and that will help them to be more sustainable and gradually lower their carbon footprint.

In addition, January saw the launch of the second edition of the imaginPlanet Challenge, an initiative to support young people with business ideas to help offset climate change. Atom, a project to generate fuel by using the hydrogen in water, was this edition's winning entry.

Through this programme, imagin offers training and tools to a generation of environmentally-conscious young people with exciting business ideas so they can undertake projects with the potential to have a positive impact on the planet.

In Mallorca, imagin also organised the third edition of the imaginPlanet Tour, the bike ride that is held every spring in an effort to continue raising awareness of sustainable development. For five days, influencers and athletes Hugo Perez Cabaleiro and Juanma Furio rode a total of 150 kilometres around the island to promote environmental and social projects in Mallorca.

As a result of the kilometres travelled in Mallorca and the participation of over 100,000 users on Strava, imagin will plant 20,000 new trees as part of yet another sustainability initiative that the platform is undertaking through imaginPlanet to have a positive impact on the planet and on society as a whole.

Over these two years, imagin has managed to offset 290 tonnes of CO2 through reforestation initiatives and collected more than 10 tonnes of plastics from the ocean. M ore than 500,000 imaginers have shown interest in sustainability content or initiatives proposed by imagin through the app in the last two months.

imaginLAND, the imagin space in the metaverse

This year, imagin launched imaginLAND, its space in the metaverse. imaginers and all those interested in the virtual reality universe can now benefit from the first content created by imagin available to enjoy as an immersive experience. The entry to the metaverse is one of the key projects for the platform in 2022. With the creation of imaginLAND, imagin has become the first European fintech that is actively present in the virtual world.

The first event organised was a concert by music band Marlon, recorded in a 360º multicamera format, that is now available to enjoy as an immersive experience in the metaverse. Not only can users enjoy the performance, they can also experience the concert from different perspectives, and even go backstage.

imaginLAND enables imagin to strengthen its position as a digital benchmark and its commitment to putting innovation at the service of users, seeking to continue to improve their experience.

New digital financial services

imagin is continuing to expand its range of financial services with products like the 'MyCard imagin' card, a new payment method that combines in a single product the advantages of credit cards, with the ease of use of debit cards.

The combination of credit and debit turns ‘MyCard imagin’ into the perfect card for travel, as it can be used seamlessly to book hotel stays and rent cars. It can also be used in stores and ATMs abroad, exchange currency for free by paying in foreign currency, and make debit withdrawals at any ATM in the world at no cost to the user (although some banks may charge a fee for using the ATM).

imagin has also launched MyMonz, a new and innovative service that permits users to easily check their financial information. This new feature displays expenses and incomes in a calendar format, with balances and charts that group all the transactions and compare them monthly, with expense categorisations and the option to filter account transactions and tag them using emoticons. The service also includes a series of insights that add value and can be used to make comparisons with previous months. Since its recent launch, over 300,000 users have already benefitted from this new service. On average, users tag four transactions per interaction.  

]]>
 

imagin, CaixaBank's digital services and lifestyle platform, has reached 4 million users in its second year of activity, equivalent to a growth of 36% if compared to June 2021. The platform is a leader among the main neobanks and fintechs, with a market share of 14.3% in Spain, according to data from Smartme Analytics. Additionally, imagin is among the apps with the most active users in the last 12 months, having achieved an annual increase of 40% in 2022, according to Data.ai.

These figures reinforce imagin's leadership as a digital financial services player. In addition to growing the number of new users, the platform has also succeeded in increasing the loyalty of existing imaginers. Over the past year, two out of three imagin users have logged into the application more than three times a week on average. An important indicator of the volume of activity is that June 2022 alone saw over 39 million logins to the app, and over 6.7 million monthly transactions through Bizum. 

According to the imagin data, the average age of the platform's users is 25, and 91% of customers have made a transaction through the platform in the last six months, 840,000 of whom used mobile payments.

The growth of imagin is testament to the efforts to retain users by creating digital financial and non-financial services that, unlike traditional banks, means there is no need to  become a bank customer. Over the past year, the platform has launched a multitude of digital services and content that have sparked great interest in the imaginers community around some of its key programmes, such as sustainability (imaginPlanet), music (imaginMusic) and trends (imaginCafé).

Commitment to sustainability

imagin remains committed to raising its users' awareness of sustainability, and this year launched a new feature on its app to enable imaginers calculate their carbon footprint. Through the CO2 footprint calculator, imagin users can measure their impact on the planet.

This new feature allows imaginers determine their carbon footprint and see how they rank with respect to the average in Spain. To do so, users have to take a quick survey on their lifestyle habits involving food consumption, purchases, home and travel. Users can also access content with recommendations and tips to improve their habits and that will help them to be more sustainable and gradually lower their carbon footprint.

In addition, January saw the launch of the second edition of the imaginPlanet Challenge, an initiative to support young people with business ideas to help offset climate change. Atom, a project to generate fuel by using the hydrogen in water, was this edition's winning entry.

Through this programme, imagin offers training and tools to a generation of environmentally-conscious young people with exciting business ideas so they can undertake projects with the potential to have a positive impact on the planet.

In Mallorca, imagin also organised the third edition of the imaginPlanet Tour, the bike ride that is held every spring in an effort to continue raising awareness of sustainable development. For five days, influencers and athletes Hugo Perez Cabaleiro and Juanma Furio rode a total of 150 kilometres around the island to promote environmental and social projects in Mallorca.

As a result of the kilometres travelled in Mallorca and the participation of over 100,000 users on Strava, imagin will plant 20,000 new trees as part of yet another sustainability initiative that the platform is undertaking through imaginPlanet to have a positive impact on the planet and on society as a whole.

Over these two years, imagin has managed to offset 290 tonnes of CO2 through reforestation initiatives and collected more than 10 tonnes of plastics from the ocean. M ore than 500,000 imaginers have shown interest in sustainability content or initiatives proposed by imagin through the app in the last two months.

imaginLAND, the imagin space in the metaverse

This year, imagin launched imaginLAND, its space in the metaverse. imaginers and all those interested in the virtual reality universe can now benefit from the first content created by imagin available to enjoy as an immersive experience. The entry to the metaverse is one of the key projects for the platform in 2022. With the creation of imaginLAND, imagin has become the first European fintech that is actively present in the virtual world.

The first event organised was a concert by music band Marlon, recorded in a 360º multicamera format, that is now available to enjoy as an immersive experience in the metaverse. Not only can users enjoy the performance, they can also experience the concert from different perspectives, and even go backstage.

imaginLAND enables imagin to strengthen its position as a digital benchmark and its commitment to putting innovation at the service of users, seeking to continue to improve their experience.

New digital financial services

imagin is continuing to expand its range of financial services with products like the 'MyCard imagin' card, a new payment method that combines in a single product the advantages of credit cards, with the ease of use of debit cards.

The combination of credit and debit turns ‘MyCard imagin’ into the perfect card for travel, as it can be used seamlessly to book hotel stays and rent cars. It can also be used in stores and ATMs abroad, exchange currency for free by paying in foreign currency, and make debit withdrawals at any ATM in the world at no cost to the user (although some banks may charge a fee for using the ATM).

imagin has also launched MyMonz, a new and innovative service that permits users to easily check their financial information. This new feature displays expenses and incomes in a calendar format, with balances and charts that group all the transactions and compare them monthly, with expense categorisations and the option to filter account transactions and tag them using emoticons. The service also includes a series of insights that add value and can be used to make comparisons with previous months. Since its recent launch, over 300,000 users have already benefitted from this new service. On average, users tag four transactions per interaction.  

]]>
0
<![CDATA[CaixaBank granted €11 billion in credit in the first six months of the year to support the internationalisation of Spanish companies]]> https://blog.caixabank.es/?p=23645 2022-08-18T00:00:00.0Z 2022-08-18T00:00:00.0Z <![CDATA[CaixaBank granted €11 billion in credit in the first six months of the year to support the internationalisation of Spanish companies]]>  

CaixaBank granted a total of €11 billion in the first six months of the year to help drive the internationalisation of Spanish companies. This financing, intended for small, medium and large enterprises, was primarily used to fund imports and exports, in addition to projects linked to the international activity of Spanish companies.

This credit volume highlights the confidence that the business sector has in CaixaBank as a benchmark institution in foreign trade financing. The financial institution leads the way in granting import loans in Spain with a market share of 27.4%, as well as by volume of guarantees issued and received, with a share of over 30%. These figures underscore CaixaBank's commitment to providing support to companies in their internationalisation process, allowing them to tap into its experience and knowledge of the markets helping to facilitate their business expansion abroad.

CaixaBank offers advice on business internationalisation through its specialised Foreign Trade department, which boasts a broad network of over 100 specialists helping meet the specific needs of companies in this field. The bank offers specialised products and services to help companies manage their imports and exports, in addition to customised financing options and a broad range of innovative solutions to enable them to manage their international activity entirely online.

CaixaBank, the value of specialisation

With a specialised model and a value proposition of products and services adapted to suit each sector, CaixaBank provides services to companies with turnover exceeding €2 million through 145 CaixaBank Empresas centres across Spain's autonomous communities, which employ 1,500 highly specialised and experienced professionals. Such professionals boast expertise in the areas of  Financing and services; Foreign trade and treasury management; Structured financing; Tourism; and Real estate. 

To provide services to micro-enterprises, the bank operates the CaixaBank Businesses division, which develops products and services adapted to suit the specific needs of this segment not only through financial support but also with personal and comprehensive advice available on everyday business management aspects.

Internationally, CaixaBank supports its business customers through various operational solutions and effective regional access to 127 markets, in addition to its highly-specialised in-branch advisers in Spain, offering advice for business transactions abroad. The bank provides its services to both SMEs and micro-enterprises that are starting out in exports, and to large corporations and business groups that are involved in more complex international projects. 

CaixaBank's international presence  

CaixaBank operates internationally through its International Banking network of branches and representative offices and through cooperation agreements with leading international banks. The financial institution also owns Portugal's Banco BPI, the fourth largest financial institution in Portugal in terms of assets.  

CaixaBank's international network offers support to the bank's business customers that operate abroad, as well as to local corporates, thanks to its global reach with over 180 professionals, close to 30 international service points and agreements with more than 1,660 correspondent banks. 

]]>
 

CaixaBank granted a total of €11 billion in the first six months of the year to help drive the internationalisation of Spanish companies. This financing, intended for small, medium and large enterprises, was primarily used to fund imports and exports, in addition to projects linked to the international activity of Spanish companies.

This credit volume highlights the confidence that the business sector has in CaixaBank as a benchmark institution in foreign trade financing. The financial institution leads the way in granting import loans in Spain with a market share of 27.4%, as well as by volume of guarantees issued and received, with a share of over 30%. These figures underscore CaixaBank's commitment to providing support to companies in their internationalisation process, allowing them to tap into its experience and knowledge of the markets helping to facilitate their business expansion abroad.

CaixaBank offers advice on business internationalisation through its specialised Foreign Trade department, which boasts a broad network of over 100 specialists helping meet the specific needs of companies in this field. The bank offers specialised products and services to help companies manage their imports and exports, in addition to customised financing options and a broad range of innovative solutions to enable them to manage their international activity entirely online.

CaixaBank, the value of specialisation

With a specialised model and a value proposition of products and services adapted to suit each sector, CaixaBank provides services to companies with turnover exceeding €2 million through 145 CaixaBank Empresas centres across Spain's autonomous communities, which employ 1,500 highly specialised and experienced professionals. Such professionals boast expertise in the areas of  Financing and services; Foreign trade and treasury management; Structured financing; Tourism; and Real estate. 

To provide services to micro-enterprises, the bank operates the CaixaBank Businesses division, which develops products and services adapted to suit the specific needs of this segment not only through financial support but also with personal and comprehensive advice available on everyday business management aspects.

Internationally, CaixaBank supports its business customers through various operational solutions and effective regional access to 127 markets, in addition to its highly-specialised in-branch advisers in Spain, offering advice for business transactions abroad. The bank provides its services to both SMEs and micro-enterprises that are starting out in exports, and to large corporations and business groups that are involved in more complex international projects. 

CaixaBank's international presence  

CaixaBank operates internationally through its International Banking network of branches and representative offices and through cooperation agreements with leading international banks. The financial institution also owns Portugal's Banco BPI, the fourth largest financial institution in Portugal in terms of assets.  

CaixaBank's international network offers support to the bank's business customers that operate abroad, as well as to local corporates, thanks to its global reach with over 180 professionals, close to 30 international service points and agreements with more than 1,660 correspondent banks. 

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<![CDATA[CaixaBank, the first Spanish bank to adhere to the Poseidon Principles]]> https://blog.caixabank.es/?p=23645 2022-08-17T00:00:00.0Z 2022-08-17T00:00:00.0Z <![CDATA[CaixaBank, the first Spanish bank to adhere to the Poseidon Principles]]>  

CaixaBank has become the first Spanish bank to adhere to the Poseidon Principles, a framework developed under the auspices of the Global Maritime Forum for assessing and disseminating the climate alignment of maritime transport financing portfolios. It seeks to enhance the role of maritime financing in addressing global climate goals. These Principles establish a benchmark for defining how a bank is sustainable in its activity in the maritime sector, and they provide financial institutions with a guideline on how to achieve this.

In its constant drive to become one of Europe's leading companies in combating climate change, CaixaBank has adhered to these Principles and acceded to the Poseidon Principles Association, which is the body that manages, administers and develops them.

By signing these Principles, CaixaBank undertakes to comply with the four requirements set for all Signatories.

Firstly, the financial institution commits to annually measuring the carbon intensity and assessing the climate alignment of its maritime transport portfolio in relation to the established decarbonisation trajectories and to follow the methodology implemented by the Poseidon Principles.

In addition, with the aim of guaranteeing that the information provided within the framework of the Poseidon Principles is practical, unbiased and accurate, the Signatories will employ only data, sources, standards and service providers specified by the Principles.

CaixaBank also pledges to use standardised agreement clauses that facilitate the negotiation between both parties. Lastly, the bank must publish the climate alignment score of its portfolio for the maritime sector's commercial activity on an annual basis.

CaixaBank, a European performance benchmark in sustainability 

CaixaBank is an entity with strong historical links to the social impact of its activity, and as a result it takes on the responsibility of driving a positive economy aimed at the well-being of people. With this aim in mind, the bank has designed a new Sustainable Banking Plan with a three-year time horizon that includes its proposal for solving challenges, such as inequality, climate change and unemployment.

In CaixaBank's new Strategic Plan, sustainability is one of the three pillars on which it is based with a view to achieving the Group's results by 2024, and it sets out three ambitions: to lead positive social impact by helping people to achieve their financial well-being, to drive the economy's green transformation of the towards an emission-free society, and to continue to strengthen an ethical and responsible management model. The entity aims to offer 64 billion euros in sustainable financing, through its product range and ESG advisory services.

Similarly, CaixaBank is one of the leading financial institutions in combating climate change, with various commitments, such as its participation, as a founding member, in the Net-Zero Banking Alliance, through which the banking sector commits to achieving zero net emissions by 2050 in line with the 1.5°C target; its inclusion in the United Nations Collective Commitment to Climate Action; and in the Task Force on Climate-related Financial Disclosures, the core goal of which is to increase the measures taken in response to climate-related financial risks and the reporting quality; and its participation in the United Nations Principles for Responsible Banking, which are designed to guide banks in strategically aligning their business with development and sustainability goals at the international, regional and national levels.

CaixaBank was the leading bank in sustainable financing in Europe in the first half of the year, according to the Refinitiv ranking, which sees CaixaBank in the top position of the EMEA Top Tier Green & ESG-Linked Loans ranking. The bank also claimed first place in green financing in Europe in the first half of 2022, according to the League Table Green Use of Proceeds – Top Tier Lender by Bloomberg, one of the most prestigious financial news agencies, and it has risen to second place in the world ranking of green financing, behind Sumitomo Mitsui Banking Corporation.

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CaixaBank has become the first Spanish bank to adhere to the Poseidon Principles, a framework developed under the auspices of the Global Maritime Forum for assessing and disseminating the climate alignment of maritime transport financing portfolios. It seeks to enhance the role of maritime financing in addressing global climate goals. These Principles establish a benchmark for defining how a bank is sustainable in its activity in the maritime sector, and they provide financial institutions with a guideline on how to achieve this.

In its constant drive to become one of Europe's leading companies in combating climate change, CaixaBank has adhered to these Principles and acceded to the Poseidon Principles Association, which is the body that manages, administers and develops them.

By signing these Principles, CaixaBank undertakes to comply with the four requirements set for all Signatories.

Firstly, the financial institution commits to annually measuring the carbon intensity and assessing the climate alignment of its maritime transport portfolio in relation to the established decarbonisation trajectories and to follow the methodology implemented by the Poseidon Principles.

In addition, with the aim of guaranteeing that the information provided within the framework of the Poseidon Principles is practical, unbiased and accurate, the Signatories will employ only data, sources, standards and service providers specified by the Principles.

CaixaBank also pledges to use standardised agreement clauses that facilitate the negotiation between both parties. Lastly, the bank must publish the climate alignment score of its portfolio for the maritime sector's commercial activity on an annual basis.

CaixaBank, a European performance benchmark in sustainability 

CaixaBank is an entity with strong historical links to the social impact of its activity, and as a result it takes on the responsibility of driving a positive economy aimed at the well-being of people. With this aim in mind, the bank has designed a new Sustainable Banking Plan with a three-year time horizon that includes its proposal for solving challenges, such as inequality, climate change and unemployment.

In CaixaBank's new Strategic Plan, sustainability is one of the three pillars on which it is based with a view to achieving the Group's results by 2024, and it sets out three ambitions: to lead positive social impact by helping people to achieve their financial well-being, to drive the economy's green transformation of the towards an emission-free society, and to continue to strengthen an ethical and responsible management model. The entity aims to offer 64 billion euros in sustainable financing, through its product range and ESG advisory services.

Similarly, CaixaBank is one of the leading financial institutions in combating climate change, with various commitments, such as its participation, as a founding member, in the Net-Zero Banking Alliance, through which the banking sector commits to achieving zero net emissions by 2050 in line with the 1.5°C target; its inclusion in the United Nations Collective Commitment to Climate Action; and in the Task Force on Climate-related Financial Disclosures, the core goal of which is to increase the measures taken in response to climate-related financial risks and the reporting quality; and its participation in the United Nations Principles for Responsible Banking, which are designed to guide banks in strategically aligning their business with development and sustainability goals at the international, regional and national levels.

CaixaBank was the leading bank in sustainable financing in Europe in the first half of the year, according to the Refinitiv ranking, which sees CaixaBank in the top position of the EMEA Top Tier Green & ESG-Linked Loans ranking. The bank also claimed first place in green financing in Europe in the first half of 2022, according to the League Table Green Use of Proceeds – Top Tier Lender by Bloomberg, one of the most prestigious financial news agencies, and it has risen to second place in the world ranking of green financing, behind Sumitomo Mitsui Banking Corporation.

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