<![CDATA[CaixaBank - Communication]]> https://www.caixabank.com/aplnr/comunicacion/buscador/servicio.noticiasRSS_en.html WordPress <![CDATA[Leading UAE firms discuss importance of diversity in business at CaixaBank’s \"Diversity Talks\"]]> https://blog.caixabank.es/?p=23645 2018-04-19T14:00:00.0Z 2018-04-19T14:00:00.0Z <![CDATA[Leading UAE firms discuss importance of diversity in business at CaixaBank’s \"Diversity Talks\"]]> Firms that promote and implement an inclusive and diverse working environment tend to be more innovative and grow faster, outperforming competition, according to industry leaders attending CaixaBank’s roundtable discussion ”Diversity Talks” which took place in Dubai today. CaixaBank, the leading retail banking operator in Spain, launched its “Diversity Talks” programme earlier this year. Now in its third iteration, the event brought together the UAE’s leading industry participants who shared their experiences and discussed the importance of diversity and how it contributes to business success in the Gulf region.

The event panel brought together senior executives from UAE’s leading firms, including Kathryn Wightman-Beaven, Director, Global Sustainability at DP World; Abdulaziz Almoosa, Head of Recruitment at Abu Dhabi Commercial Bank; John Lee, Regional Head of Talent, Diversity & Inclusion, HSBC; and Izabella Szadkowska, Al Tamimi & Company. The panel was moderated by Maya Khelladi, manager of CaixaBank’s United Arab Emirates representation office, and attended by Maria Victoria Matia, executive manager of international banking, CaixaBank.

“The world is changing rapidly. A world with new types of jobs, new skills, new opportunities. More women are becoming part of our family but we need to become an employer of choice for women. That’s why we have developed DPWorld4Women. It’s a sustainable approach recognising the essential role that women have in our business and in the future and developing the programmes and initiatives to support,” said Kathryn Wightman-Beaven, Director, Global Sustainability at DP World.

“Diversity is a key aspect of CaixaBank’s international banking network – it drives new and innovative thinking, challenges the status quo, leading to better results and performance. It is encouraging to see that ensuring diversity is front of mind amongst the leading firms in the UAE as the industry realises the social and economic benefits of a diverse workforce,” said Maya Khelladi, manager of the United Arab Emirates representation office, CaixaBank.

To further enhance the diversity of its workforce across the international banking network, CaixaBank has established a specialist team to coordinate cross-organisation projects that encompass multiple aspects of diversity, including cultural and gender as well as functional and generational diversity.

The bank has already organised international debates “Diversity Talks” to discuss diversity and how it contributes to business in Turkey and Poland. In Turkey, the event focused on the position of women in the Turkish financial industry. In Poland, meeting was dedicated to diversity as a key aspect of business management, focused specifically on the position of women in top positions in international companies and institutions in Poland.

For CaixaBank, international banking, diversity is not only an excellent approach to human resources management, but a key aspect of the business model. CaixaBank’s international network specialises in providing advice to Spanish companies undertaking projects overseas, which means that understanding the underlying cultural, social and gender-specific drivers of economic activity is just as important as having specialist international banking capabilities and services.

CaixaBank’s international network includes 26 operating branches and representative offices in 18 countries. The bank has established multicultural teams of diverse origin, which implement projects to provide close support to clients, focusing on the specific requirements of each region. Gender diversity is particularly important: 42% of managerial positions in CaixaBank’s international network are held by women.

About CaixaBank

CaixaBank is leader in retail banking in Spain, with a 26.7% share among individual customers who make it their main bank. The bank, headed by chairman Jordi Gual, and led by CEO, Gonzalo Gortázar, has around 16 million customers in Spain and Portugal, with 5,379 branches, the largest commercial network in the Iberian peninsula. Additionally, CaixaBank holds an 84.5% stake in the Portuguese bank BPI and 9.92% of the Austrian operator Erste Bank.

CaixaBank also provides financing and specialized services to businesses via an extensive range of corporate banking solutions, including guarantees, bilateral loans, syndicated loans and transactional banking. Currently the bank has an international network comprised of 26 operating branches and representative offices in 18 countries.

CaixaBank has been named "Best Bank in Spain 2017" by the UK magazine Euromoney and New York magazine Global Finance also recognized recently the entity as the "Best Bank in Spain 2018". This year, Euromoney named CaixaBank, the "Best Private Bank in Spain" for the fourth time in a row.

It is also among the most sustainable in the world, according to the Dow Jones Sustainability Index, and was honored by Euromoney as the Best Bank for CSR in Western Europe.

]]>
Firms that promote and implement an inclusive and diverse working environment tend to be more innovative and grow faster, outperforming competition, according to industry leaders attending CaixaBank’s roundtable discussion ”Diversity Talks” which took place in Dubai today. CaixaBank, the leading retail banking operator in Spain, launched its “Diversity Talks” programme earlier this year. Now in its third iteration, the event brought together the UAE’s leading industry participants who shared their experiences and discussed the importance of diversity and how it contributes to business success in the Gulf region.

The event panel brought together senior executives from UAE’s leading firms, including Kathryn Wightman-Beaven, Director, Global Sustainability at DP World; Abdulaziz Almoosa, Head of Recruitment at Abu Dhabi Commercial Bank; John Lee, Regional Head of Talent, Diversity & Inclusion, HSBC; and Izabella Szadkowska, Al Tamimi & Company. The panel was moderated by Maya Khelladi, manager of CaixaBank’s United Arab Emirates representation office, and attended by Maria Victoria Matia, executive manager of international banking, CaixaBank.

“The world is changing rapidly. A world with new types of jobs, new skills, new opportunities. More women are becoming part of our family but we need to become an employer of choice for women. That’s why we have developed DPWorld4Women. It’s a sustainable approach recognising the essential role that women have in our business and in the future and developing the programmes and initiatives to support,” said Kathryn Wightman-Beaven, Director, Global Sustainability at DP World.

“Diversity is a key aspect of CaixaBank’s international banking network – it drives new and innovative thinking, challenges the status quo, leading to better results and performance. It is encouraging to see that ensuring diversity is front of mind amongst the leading firms in the UAE as the industry realises the social and economic benefits of a diverse workforce,” said Maya Khelladi, manager of the United Arab Emirates representation office, CaixaBank.

To further enhance the diversity of its workforce across the international banking network, CaixaBank has established a specialist team to coordinate cross-organisation projects that encompass multiple aspects of diversity, including cultural and gender as well as functional and generational diversity.

The bank has already organised international debates “Diversity Talks” to discuss diversity and how it contributes to business in Turkey and Poland. In Turkey, the event focused on the position of women in the Turkish financial industry. In Poland, meeting was dedicated to diversity as a key aspect of business management, focused specifically on the position of women in top positions in international companies and institutions in Poland.

For CaixaBank, international banking, diversity is not only an excellent approach to human resources management, but a key aspect of the business model. CaixaBank’s international network specialises in providing advice to Spanish companies undertaking projects overseas, which means that understanding the underlying cultural, social and gender-specific drivers of economic activity is just as important as having specialist international banking capabilities and services.

CaixaBank’s international network includes 26 operating branches and representative offices in 18 countries. The bank has established multicultural teams of diverse origin, which implement projects to provide close support to clients, focusing on the specific requirements of each region. Gender diversity is particularly important: 42% of managerial positions in CaixaBank’s international network are held by women.

About CaixaBank

CaixaBank is leader in retail banking in Spain, with a 26.7% share among individual customers who make it their main bank. The bank, headed by chairman Jordi Gual, and led by CEO, Gonzalo Gortázar, has around 16 million customers in Spain and Portugal, with 5,379 branches, the largest commercial network in the Iberian peninsula. Additionally, CaixaBank holds an 84.5% stake in the Portuguese bank BPI and 9.92% of the Austrian operator Erste Bank.

CaixaBank also provides financing and specialized services to businesses via an extensive range of corporate banking solutions, including guarantees, bilateral loans, syndicated loans and transactional banking. Currently the bank has an international network comprised of 26 operating branches and representative offices in 18 countries.

CaixaBank has been named "Best Bank in Spain 2017" by the UK magazine Euromoney and New York magazine Global Finance also recognized recently the entity as the "Best Bank in Spain 2018". This year, Euromoney named CaixaBank, the "Best Private Bank in Spain" for the fourth time in a row.

It is also among the most sustainable in the world, according to the Dow Jones Sustainability Index, and was honored by Euromoney as the Best Bank for CSR in Western Europe.

]]>
0
<![CDATA[Día Mundial de la Bicicleta: el uso de las dos ruedas]]> https://blog.caixabank.es/?p=23645 2018-04-19T07:52:22.0Z 2018-04-19T07:52:22.0Z <![CDATA[Día Mundial de la Bicicleta: el uso de las dos ruedas]]> 0 <![CDATA[First pilot client transactions successfully executed on Batavia global trade finance platform]]> https://blog.caixabank.es/?p=23645 2018-04-19T00:00:00.0Z 2018-04-19T00:00:00.0Z <![CDATA[First pilot client transactions successfully executed on Batavia global trade finance platform]]> Batavia, the blockchain-based global trade finance platform that has been jointly developed by a consortium consisting of Bank of Montreal, CaixaBank, Commerzbank, Erste Group, IBM and UBS has successfully completed its first live pilot transactions with corporate clients. Initial transactions included the trading of: 

  • Cars from Germany to Spain
  • Textile raw materials for furniture production from Austria to Spain   

In covering the end-to-end process of a trade, Batavia encompasses both the closing of trade agreements and the execution of smart payments, which can be automatically triggered by specified events in the supply chain and recorded in the blockchain. The platform is able to integrate track and trace and risk management tools, which can be tied to key events in the supply chains and signals from IoT devices, agreed upon between buyer and seller. These and many other Batavia features help to establish the trade finance platform as a solid foundation for a future trade finance ecosystem.

These transactions mark an important step in establishing Batavia as an open ecosystem that is built on the IBM Blockchain Platform. It has the potential to revolutionize the client experience by providing a digital and automated way of arranging, securing and financing international trade transactions. The pilot transactions were conducted with a variety of transportation modes, geographies and trading parties of various sizes, highlighting Batavia’s ability to scale and manage diverse transaction types.

Building on the successful development of a minimum viable product and the first pilot transactions with clients, the Batavia project is looking to enter a new phase focused on the building out of a production-ready solution. This may include joining forces with fintechs, financial institutions or other innovation leaders in the market. 

Initial transactions in Spain

CaixaBank has already partnered with business clients on two such transactions: the purchase of Audi vehicles for the business conglomerate Domingo Alonso Group, based in Las Palmas de Gran Canaria, and the acquisition of raw materials for furniture manufacturing by the firm Fluvitex, based in Sant Joan les Fonts, in the region of La Garrotxa (Girona). These were the first foreign trade transactions completed in Spain between different financial institutions using blockchain technology.

“We at Fluvitex consider it a real accomplishment to be involved in launching a new technology that has considerable potential to enhance and drive international trade. Our group is firmly established as a global operator, with production facilities and customers around the world. Any technology that renders foreign trade transactions faster and more transparent will always be a real draw for us”, said Lluís Masias, CEO of Fluvitex.

“Domingo Alonso Group is committed to investment in technology to underpin its digital transformation and international expansion strategy. Therefore, we are very keen to be involved in pioneering projects such as Batavia, in partnership with CaixaBank. Adapting to change is key in the current climate, particularly for companies such as ours, with operations across more than 20 countries. We are very much open to any innovation that might take our internationalisation further”, said Julio Antoranz, CFO of Domingo Alonso Group.

Meanwhile, sources of CaixaBank, stated that “innovation is currently a must throughout the financial services value chain. In the case of foreign trade and business banking, we believe blockchain technology has real potential to further improve the services provided to customers, while enhancing information transparency, traceability and risk management. All of which we aimed to demonstrate via the Batavia project. Our partnership with Fluvitex and Domingo Alonso Group, two companies that stand as models for how an innovative business vision can expand a firm’s global reach, has been instrumental to fully understanding the value of these initial transactions using blockchain”.

]]>
Batavia, the blockchain-based global trade finance platform that has been jointly developed by a consortium consisting of Bank of Montreal, CaixaBank, Commerzbank, Erste Group, IBM and UBS has successfully completed its first live pilot transactions with corporate clients. Initial transactions included the trading of: 

  • Cars from Germany to Spain
  • Textile raw materials for furniture production from Austria to Spain   

In covering the end-to-end process of a trade, Batavia encompasses both the closing of trade agreements and the execution of smart payments, which can be automatically triggered by specified events in the supply chain and recorded in the blockchain. The platform is able to integrate track and trace and risk management tools, which can be tied to key events in the supply chains and signals from IoT devices, agreed upon between buyer and seller. These and many other Batavia features help to establish the trade finance platform as a solid foundation for a future trade finance ecosystem.

These transactions mark an important step in establishing Batavia as an open ecosystem that is built on the IBM Blockchain Platform. It has the potential to revolutionize the client experience by providing a digital and automated way of arranging, securing and financing international trade transactions. The pilot transactions were conducted with a variety of transportation modes, geographies and trading parties of various sizes, highlighting Batavia’s ability to scale and manage diverse transaction types.

Building on the successful development of a minimum viable product and the first pilot transactions with clients, the Batavia project is looking to enter a new phase focused on the building out of a production-ready solution. This may include joining forces with fintechs, financial institutions or other innovation leaders in the market. 

Initial transactions in Spain

CaixaBank has already partnered with business clients on two such transactions: the purchase of Audi vehicles for the business conglomerate Domingo Alonso Group, based in Las Palmas de Gran Canaria, and the acquisition of raw materials for furniture manufacturing by the firm Fluvitex, based in Sant Joan les Fonts, in the region of La Garrotxa (Girona). These were the first foreign trade transactions completed in Spain between different financial institutions using blockchain technology.

“We at Fluvitex consider it a real accomplishment to be involved in launching a new technology that has considerable potential to enhance and drive international trade. Our group is firmly established as a global operator, with production facilities and customers around the world. Any technology that renders foreign trade transactions faster and more transparent will always be a real draw for us”, said Lluís Masias, CEO of Fluvitex.

“Domingo Alonso Group is committed to investment in technology to underpin its digital transformation and international expansion strategy. Therefore, we are very keen to be involved in pioneering projects such as Batavia, in partnership with CaixaBank. Adapting to change is key in the current climate, particularly for companies such as ours, with operations across more than 20 countries. We are very much open to any innovation that might take our internationalisation further”, said Julio Antoranz, CFO of Domingo Alonso Group.

Meanwhile, sources of CaixaBank, stated that “innovation is currently a must throughout the financial services value chain. In the case of foreign trade and business banking, we believe blockchain technology has real potential to further improve the services provided to customers, while enhancing information transparency, traceability and risk management. All of which we aimed to demonstrate via the Batavia project. Our partnership with Fluvitex and Domingo Alonso Group, two companies that stand as models for how an innovative business vision can expand a firm’s global reach, has been instrumental to fully understanding the value of these initial transactions using blockchain”.

]]>
0
<![CDATA[Brazil: awaiting reforms to return to the path of growth]]> https://blog.caixabank.es/?p=23645 2018-04-13T00:00:00.0Z 2018-04-13T00:00:00.0Z <![CDATA[Brazil: awaiting reforms to return to the path of growth]]> After more than two years living in Brazil, dealing with the challenge of opening the CaixaBank representation branch in Sao Paolo, I can state that the country is as exciting as it is complex and bureaucratic. Anybody considering a business or investment project here must see it as a long-term destination rather than a temporary experiment.

In 2017, the national economy grew by 0.9%, and for this year growth of 2.3% is expected

These figures contrast with declines of 3.8% and 3.6% in the two previous years. The forecast is for GDP to grow by an average of 2.4% until 2020. *

Social security reform is being negotiated between the political forces, but appears to be meeting with more obstacles than were initially expected. This situation led to the country's rating being downgraded to BB- due to the way the existing state pension system might affect the public coffers. **

In recent months, news in the country has been focused on the candidates for the presidential elections. The strongest candidate, Luis Inácio Lula da Silva, for whom 30% intend to vote according to opinion polls, faces a 12-year prison term over the Petrobras and Lava-Jato cases. The former president of Brazil could be blocked from standing in the elections, leaving the way clear to the other candidates.

 

In economic terms, the principal sectors of activity are agriculture, mining and transport, though Brazil has many attractions for investors. It is the country with the largest GDP in Latin America.

From a geographical point of view, there are three major centres of business activity: the states of Minas Gerais, Rio Grande do Sul and São Paulo. Of these, the last is the most important, accounting for a third of GDP. In any case, when talking about Brazil it should never be thought of as if it were a single market because, depending on the nature of the goods or services, different series of state regulations must be met, all of them obligatory.

Mention should also be made of the significant interests of Spanish firms in Brazil. Spain is the third-biggest investor in the country, only surpassed by the United States and the Netherlands. The strong point in relations between the two countries is direct investment, as firms like Telefónica, Abertis and Gas Natural are among the biggest investors in the country, but interests go far beyond this. In 2016, 5,800 Spanish companies exported to the Brazilian market, and the volume of trade between the two countries reached about 5,000 million euros. And the trend is only upwards. In the first half of 2017, this same figure has already passed 3,200 million, representing a 28% increase on the same period last year. ***

The current situation offers investment opportunities and is a good opportunity for Spanish businesses with the financial capacity to consider moving into this market.

However, anybody deciding to embark on this adventure needs good advice as, for all its attractions, Brazil remains characterised, at least in the short and medium term, by fiscal and bureaucratic complexity.

Sources:

*CaixaBank Research

** Fitch

*** ICEX

]]>
After more than two years living in Brazil, dealing with the challenge of opening the CaixaBank representation branch in Sao Paolo, I can state that the country is as exciting as it is complex and bureaucratic. Anybody considering a business or investment project here must see it as a long-term destination rather than a temporary experiment.

In 2017, the national economy grew by 0.9%, and for this year growth of 2.3% is expected

These figures contrast with declines of 3.8% and 3.6% in the two previous years. The forecast is for GDP to grow by an average of 2.4% until 2020. *

Social security reform is being negotiated between the political forces, but appears to be meeting with more obstacles than were initially expected. This situation led to the country's rating being downgraded to BB- due to the way the existing state pension system might affect the public coffers. **

In recent months, news in the country has been focused on the candidates for the presidential elections. The strongest candidate, Luis Inácio Lula da Silva, for whom 30% intend to vote according to opinion polls, faces a 12-year prison term over the Petrobras and Lava-Jato cases. The former president of Brazil could be blocked from standing in the elections, leaving the way clear to the other candidates.

 

In economic terms, the principal sectors of activity are agriculture, mining and transport, though Brazil has many attractions for investors. It is the country with the largest GDP in Latin America.

From a geographical point of view, there are three major centres of business activity: the states of Minas Gerais, Rio Grande do Sul and São Paulo. Of these, the last is the most important, accounting for a third of GDP. In any case, when talking about Brazil it should never be thought of as if it were a single market because, depending on the nature of the goods or services, different series of state regulations must be met, all of them obligatory.

Mention should also be made of the significant interests of Spanish firms in Brazil. Spain is the third-biggest investor in the country, only surpassed by the United States and the Netherlands. The strong point in relations between the two countries is direct investment, as firms like Telefónica, Abertis and Gas Natural are among the biggest investors in the country, but interests go far beyond this. In 2016, 5,800 Spanish companies exported to the Brazilian market, and the volume of trade between the two countries reached about 5,000 million euros. And the trend is only upwards. In the first half of 2017, this same figure has already passed 3,200 million, representing a 28% increase on the same period last year. ***

The current situation offers investment opportunities and is a good opportunity for Spanish businesses with the financial capacity to consider moving into this market.

However, anybody deciding to embark on this adventure needs good advice as, for all its attractions, Brazil remains characterised, at least in the short and medium term, by fiscal and bureaucratic complexity.

Sources:

*CaixaBank Research

** Fitch

*** ICEX

]]>
0
<![CDATA[CaixaBank aspires to stand as a European benchmark in terms of profitability and socially responsible banking under its new 2019-2021 Strategic Plan]]> https://blog.caixabank.es/?p=23645 2018-04-06T00:00:00.0Z 2018-04-06T00:00:00.0Z <![CDATA[CaixaBank aspires to stand as a European benchmark in terms of profitability and socially responsible banking under its new 2019-2021 Strategic Plan]]> The CaixaBank Annual General Meeting today approved the bank’s 2017 management and results. CaixaBank secured support from the majority of shareholders, who backed various motions put forward by the Board of Directors, including the ratification and appointment of Tomás Muniesa and Eduardo Javier Sanchiz Irazu as members of the Board of Directors.

Jordi Gual and Gonzalo Gortázar commended “CaixaBank's distinct approach to banking” during their speeches to shareholders. “We are already a global benchmark in terms of corporate responsibility, and it is our ambition to strengthen this standing even further in future”, said CaixaBank Chairman Jordi Gual.

In his address to the Annual General Meeting, Jordi Gual affirmed that in 2017 “the CaixaBank Group had reinforced its leadership in retail banking, which is no easy task bearing in mind our already very high market shares”. This was made possible by “the relationship of trust that we have built with customers thanks to the constant efforts of our teams”.

Growing credit capacity in the financial system

In the first half of his speech, the CaixaBank Chairman provided an overview of the global macroeconomic climate and prospects for 2018. “The global economy grew 3.7% in 2017, while prospects for 2018 are also upbeat, with global GDP growth forecast to stand at close to 4%”, said Gual.

“The Spanish economy has been a standout performer” in this global growth climate, added Gual, while warning that there are outstanding challenges, such as “driving employment growth and cutting public and foreign debt levels; as well as pushing through reforms in areas such as education, justice, and pensions, both to bolster growth potential and ensure social cohesion”.

“The economic recovery has unquestionably benefited from an increasingly robust banking system that is able to deliver greater credit”, remarked the CaixaBank Chairman, adding that “banks must remain focused on cost containment and shedding unproductive assets, which remain at high levels despite the efforts made in recent years”.

2019-2021 Strategic Plan: shoring up a leading position

Turning to CaixaBank's business results, the Chairman said that “our banking model has proven itself a success for yet another year: we are the leading bank in Spain and Portugal, serving 15.7 million customers and holding 350 billion euros in funds”.

Regarding the 2015-2018 Strategic Plan, the CaixaBank Chairman said he was satisfied with the progress secured in the main strategic areas, expressing his confidence that the targets set for the final year of the plan would be met.

“We are doing well but must keep up our efforts to achieve three main targets for 2018: to act with foresight in terms of new digitalisation trends; to secure profitability for the bank of between 9% and 11%; and further diversify the balance sheet towards more profitable segments”, said Jordi Gual.

As well as driving progress in these priority areas, the Chairman and CEO announced that the organisation is currently preparing a new three-year strategic plan for 2019-2021, which will be unveiled in late November. “The aim will be to duly position ourselves in a rapidly changing competitive and technological climate; but also to create an ambitious plan capable of shoring up our position as a leader in terms of profitable and sustained growth in European banking,” said Jordi Gual.

Committed to a socially responsible banking model

“What will certainly not change under the forthcoming strategic plan, nor any other future plan, will be our steadfast commitment to socially responsible banking”, stated Jordi Gual during his address.

“We remain committed to the well-being of all communities within our footprint and will partner with “la Caixa” Welfare Projects to ensure that the great work performed by the “la Caixa” Banking Foundation reaches those who need it most”, added the CaixaBank Chairman.

According to Gual, these activities “mark out CaixaBank from its peers, seeing it create value for all communities where it operates, and ensuing that our approach is a sustainable source of long-term value generation for investors”.

CaixaBank shares secure a return of 28% in 2017.

Jordi Gual also gave a summary of the Bank’s stock performance and dividend policy. According to Jordi Gual “our financial and business performance has driven a very positive share price trend, securing a return of 28% including dividends, thus outstripping the Ibex35 by 17 points and the benchmark European banking index by 13 points”.

“As well as a buoyant stock price, we boosted total returns via attractive shareholder remuneration. As you know, and as we constantly strive to demonstrate, our commitment to the dividend is resolute”, emphasised Gual.

The final dividend in cash of 0.08 euros gross per share, payable on 13 April, means total shareholder remuneration for 2017 will stand at 0.15 euros per share, representing an increase of 15.38% against 2016 remuneration, which amounted to 0.13 euros.

Thus, CaixaBank will have paid its shareholders 897 million euros in cash, a figure equivalent to 53% of net group profit, in line with the 2015-2018 strategic plan, which envisages distributing at least 50% of profit via dividends.

 Increased market shares and improved profitability

Meanwhile, CaixaBank CEO Gonzalo Gortázar began his speech by offering a review of 2017. “CaixaBank had a very good year at the commercial level, in line with the trends seen in 2015 and 2016, which has been very positive for its financial statements”, said Gortázar.

CaixaBank again secured significant market share growth in retail products, despite already holding a leading position. “We have a market share in payrolls of 26.3%, in medium-term savings products of 20.5%, and in lending to businesses of 14.9%. Furthermore, we are the primary bank for 26.7% of retail customers in Spain, shoring up our position as the leading bank in the financial system”, asserted the CEO.

“Results growth to 1,684 million euros, the highest level in history, was underpinned by improvements from CaixaBank’s business in Spain, as well as the contribution made by BPI, which accounted for 10% of results”, said Gortázar. More intense commercial activity during the year enhanced the quality and sustainability of revenues (96% of revenues were generated by the core banking business), while shoring up an outstanding liquidity and solvency position.

Finally, Gortázar pointed to “sustained profitability improvements, rising from 3.4% in 2014 to 8.4% at year-end 2017, very close to the target envisaged in the 2015-2018 Strategic Plan of between 9% and 11%. 2017 was an excellent year”, concluded Gortázar, “both from a commercial perspective and in terms of results, driving optimism and confidence going forward”.

 The customer-centric approach will remain a priority for CaixaBank in 2018

 The CEO went on to outline the priorities for 2018, which include efforts “to further strengthen linkage with our customers via products and services that offer close support and significant added value; to continue leading the digital transformation in the industry and driving growth in the Portuguese business, as well as reducing levels of non-performing assets”.

Gortázar pointed out that CaixaBank is “in an excellent position to capitalise on new opportunities and generate value for our shareholders, thanks to the bank’s strengths and a more favourable climate”.

Gonzalo Gortázar likewise pointed out CaixaBank's leadership in terms of the digital transformation ongoing in the industry. “We have the highest number of active digital customers in Spain, at 5.7 million. Furthermore, one third of online banking users operate via CaixaBank, meaning a higher penetration rate than recorded at brick-and-mortar channels”. Gortázar likewise indicated that “three quarters of customers operate with us on a multi-channel basis, meaning they also go into their branch offices. These customers show greater loyalty and are also more profitable”.

“We harness digital tools to ensure greater efficiency and provide better services to our customers”, said Gortázar, who pointed to some of the innovative services offered by the bank, such as imaginBank; the “My Finances” service, which now serves 3 million users; and Smart Money, the recently launched digital investment consultancy service.

“Our efforts to internally digitalise the bank continue, with 99% of all procedures now digitalised”, reported Gortázar, adding that “68 million digital signatures were performed during 2018”.

Driving the growth of the Portuguese business

One of the priorities for this year is to drive growth for the business in Portugal. Gonzalo Gortázar focused part of his speech on detailing key figures for the Portuguese bank, describing its performance in the year since CaixaBank took control of the same as “very positive, with sustained commercial activity levels thanks to consistent hard work and effort, managing to attract customers and likewise strengthen its market standing”.

The CEO announced targets for BPI in 2020 of “profitability of over 10% and a cost-to-income ratio of around 50%”.

He ended his talk by applauding CaixaBank's “distinct approach to banking”, pointing out that the bank's social commitment is now manifest in five areas: “Integrity and transparency, ongoing social action and voluntary work, further efforts to drive financial inclusion, the application of best practices in good governance, and implementing policies aimed at protecting the environment”.

]]>
The CaixaBank Annual General Meeting today approved the bank’s 2017 management and results. CaixaBank secured support from the majority of shareholders, who backed various motions put forward by the Board of Directors, including the ratification and appointment of Tomás Muniesa and Eduardo Javier Sanchiz Irazu as members of the Board of Directors.

Jordi Gual and Gonzalo Gortázar commended “CaixaBank's distinct approach to banking” during their speeches to shareholders. “We are already a global benchmark in terms of corporate responsibility, and it is our ambition to strengthen this standing even further in future”, said CaixaBank Chairman Jordi Gual.

In his address to the Annual General Meeting, Jordi Gual affirmed that in 2017 “the CaixaBank Group had reinforced its leadership in retail banking, which is no easy task bearing in mind our already very high market shares”. This was made possible by “the relationship of trust that we have built with customers thanks to the constant efforts of our teams”.

Growing credit capacity in the financial system

In the first half of his speech, the CaixaBank Chairman provided an overview of the global macroeconomic climate and prospects for 2018. “The global economy grew 3.7% in 2017, while prospects for 2018 are also upbeat, with global GDP growth forecast to stand at close to 4%”, said Gual.

“The Spanish economy has been a standout performer” in this global growth climate, added Gual, while warning that there are outstanding challenges, such as “driving employment growth and cutting public and foreign debt levels; as well as pushing through reforms in areas such as education, justice, and pensions, both to bolster growth potential and ensure social cohesion”.

“The economic recovery has unquestionably benefited from an increasingly robust banking system that is able to deliver greater credit”, remarked the CaixaBank Chairman, adding that “banks must remain focused on cost containment and shedding unproductive assets, which remain at high levels despite the efforts made in recent years”.

2019-2021 Strategic Plan: shoring up a leading position

Turning to CaixaBank's business results, the Chairman said that “our banking model has proven itself a success for yet another year: we are the leading bank in Spain and Portugal, serving 15.7 million customers and holding 350 billion euros in funds”.

Regarding the 2015-2018 Strategic Plan, the CaixaBank Chairman said he was satisfied with the progress secured in the main strategic areas, expressing his confidence that the targets set for the final year of the plan would be met.

“We are doing well but must keep up our efforts to achieve three main targets for 2018: to act with foresight in terms of new digitalisation trends; to secure profitability for the bank of between 9% and 11%; and further diversify the balance sheet towards more profitable segments”, said Jordi Gual.

As well as driving progress in these priority areas, the Chairman and CEO announced that the organisation is currently preparing a new three-year strategic plan for 2019-2021, which will be unveiled in late November. “The aim will be to duly position ourselves in a rapidly changing competitive and technological climate; but also to create an ambitious plan capable of shoring up our position as a leader in terms of profitable and sustained growth in European banking,” said Jordi Gual.

Committed to a socially responsible banking model

“What will certainly not change under the forthcoming strategic plan, nor any other future plan, will be our steadfast commitment to socially responsible banking”, stated Jordi Gual during his address.

“We remain committed to the well-being of all communities within our footprint and will partner with “la Caixa” Welfare Projects to ensure that the great work performed by the “la Caixa” Banking Foundation reaches those who need it most”, added the CaixaBank Chairman.

According to Gual, these activities “mark out CaixaBank from its peers, seeing it create value for all communities where it operates, and ensuing that our approach is a sustainable source of long-term value generation for investors”.

CaixaBank shares secure a return of 28% in 2017.

Jordi Gual also gave a summary of the Bank’s stock performance and dividend policy. According to Jordi Gual “our financial and business performance has driven a very positive share price trend, securing a return of 28% including dividends, thus outstripping the Ibex35 by 17 points and the benchmark European banking index by 13 points”.

“As well as a buoyant stock price, we boosted total returns via attractive shareholder remuneration. As you know, and as we constantly strive to demonstrate, our commitment to the dividend is resolute”, emphasised Gual.

The final dividend in cash of 0.08 euros gross per share, payable on 13 April, means total shareholder remuneration for 2017 will stand at 0.15 euros per share, representing an increase of 15.38% against 2016 remuneration, which amounted to 0.13 euros.

Thus, CaixaBank will have paid its shareholders 897 million euros in cash, a figure equivalent to 53% of net group profit, in line with the 2015-2018 strategic plan, which envisages distributing at least 50% of profit via dividends.

 Increased market shares and improved profitability

Meanwhile, CaixaBank CEO Gonzalo Gortázar began his speech by offering a review of 2017. “CaixaBank had a very good year at the commercial level, in line with the trends seen in 2015 and 2016, which has been very positive for its financial statements”, said Gortázar.

CaixaBank again secured significant market share growth in retail products, despite already holding a leading position. “We have a market share in payrolls of 26.3%, in medium-term savings products of 20.5%, and in lending to businesses of 14.9%. Furthermore, we are the primary bank for 26.7% of retail customers in Spain, shoring up our position as the leading bank in the financial system”, asserted the CEO.

“Results growth to 1,684 million euros, the highest level in history, was underpinned by improvements from CaixaBank’s business in Spain, as well as the contribution made by BPI, which accounted for 10% of results”, said Gortázar. More intense commercial activity during the year enhanced the quality and sustainability of revenues (96% of revenues were generated by the core banking business), while shoring up an outstanding liquidity and solvency position.

Finally, Gortázar pointed to “sustained profitability improvements, rising from 3.4% in 2014 to 8.4% at year-end 2017, very close to the target envisaged in the 2015-2018 Strategic Plan of between 9% and 11%. 2017 was an excellent year”, concluded Gortázar, “both from a commercial perspective and in terms of results, driving optimism and confidence going forward”.

 The customer-centric approach will remain a priority for CaixaBank in 2018

 The CEO went on to outline the priorities for 2018, which include efforts “to further strengthen linkage with our customers via products and services that offer close support and significant added value; to continue leading the digital transformation in the industry and driving growth in the Portuguese business, as well as reducing levels of non-performing assets”.

Gortázar pointed out that CaixaBank is “in an excellent position to capitalise on new opportunities and generate value for our shareholders, thanks to the bank’s strengths and a more favourable climate”.

Gonzalo Gortázar likewise pointed out CaixaBank's leadership in terms of the digital transformation ongoing in the industry. “We have the highest number of active digital customers in Spain, at 5.7 million. Furthermore, one third of online banking users operate via CaixaBank, meaning a higher penetration rate than recorded at brick-and-mortar channels”. Gortázar likewise indicated that “three quarters of customers operate with us on a multi-channel basis, meaning they also go into their branch offices. These customers show greater loyalty and are also more profitable”.

“We harness digital tools to ensure greater efficiency and provide better services to our customers”, said Gortázar, who pointed to some of the innovative services offered by the bank, such as imaginBank; the “My Finances” service, which now serves 3 million users; and Smart Money, the recently launched digital investment consultancy service.

“Our efforts to internally digitalise the bank continue, with 99% of all procedures now digitalised”, reported Gortázar, adding that “68 million digital signatures were performed during 2018”.

Driving the growth of the Portuguese business

One of the priorities for this year is to drive growth for the business in Portugal. Gonzalo Gortázar focused part of his speech on detailing key figures for the Portuguese bank, describing its performance in the year since CaixaBank took control of the same as “very positive, with sustained commercial activity levels thanks to consistent hard work and effort, managing to attract customers and likewise strengthen its market standing”.

The CEO announced targets for BPI in 2020 of “profitability of over 10% and a cost-to-income ratio of around 50%”.

He ended his talk by applauding CaixaBank's “distinct approach to banking”, pointing out that the bank's social commitment is now manifest in five areas: “Integrity and transparency, ongoing social action and voluntary work, further efforts to drive financial inclusion, the application of best practices in good governance, and implementing policies aimed at protecting the environment”.

]]>
0
<![CDATA[CaixaBank was won the “Africanity Trophy” for driving business development in Africa]]> https://blog.caixabank.es/?p=23645 2018-03-29T00:00:00.0Z 2018-03-29T00:00:00.0Z <![CDATA[CaixaBank was won the “Africanity Trophy” for driving business development in Africa]]> CaixaBank has been awarded the “Africanity Trophy” for its efforts to support business, drive economic development and generate wealth in Africa.

The panel of judges, which met at the Palais Namaskar in Marrakech at an event organised by the MBK Media group in partnership with FIJET Morocco (International Federation of Tourism Journalists and Writers), particularly praised CaixaBank’s contributions to Moroccan economic progress via the “Le Cercle” initiative, a regular series of business debates that the bank runs in Casablanca.

The so-called “Africanity Trophies”, this year in their seventh edition, are intended to recognise the excellence and leadership of organisations and individuals that make standout efforts to improve economic, social and human conditions in Africa.

A number of leading figures from North and sub-Saharan Africa attended the awards ceremony, including Malian minister Oumar Ibrahim Touré. The event also featured the official unveiling of the new Livre de Prestige, dedicated to the Marrakech-Safi region.


The success of “Le Cercle”

CaixaBank, presided over by Chairman Jordi Gual and CEO Gonzalo Gortázar, organises its regular series of “Le Cercle” debates to discuss issues of common interest to both Spain and Morocco, while providing a platform to build ties between businesses in the two countries.

Set up in 2017, the initiative has provided a framework for debates on topics such as the rise of start-ups, growing investment in the agri-food industry, and specialised financing for businesses in Morocco.

The majority of these events are held in Casablanca, attended by business leaders and politicians, prominent specialists in the themes discussed, institutional representatives and international trade and investment operators. CaixaBank has created a specific space for the “Le Cercle” debates, furnished with all the technical equipment that such meetings require.

These events reinforce CaixaBank’s position as a leading consultant and driver of projects, while also supporting mutual investments between Spain and Morocco. Via its Moroccan subsidiary, with branches in Casablanca, Tangier and Agadir, the bank provides services and financing chiefly to Spanish businesses, but also to major international and Moroccan companies via a wide range of solutions and services for foreign trade operations.

CaixaBank has secured a significant market share among Spanish businesses operating in Morocco and is the leading issuer of deposits originating in Spain. Likewise, it provides support to businesses interested in exploring the markets of North and sub-Saharan Africa.

About CaixaBank

CaixaBank is the leading retail bank in Spain, standing as the primary bank for 26.7% of the retail customer market. The bank, presided over by Chairman Jordi Gual and CEO Gonzalo Gortázar, serves close to 16 million customers in the Iberian market and operates 5,379 branches, the largest branch network in the Iberian Peninsula.

CaixaBank currently has an international network comprised of 26 operating branches and representative offices in 18 countries. CaixaBank harnesses these branches to provide consultancy, financing and banking services to Spanish businesses operating in the country. It also offers services and financing to local businesses that have trade relations with Spain and other countries where it has branches.

The bank was named “Best Bank in Spain in 2017” by Britain’s Euromoney magazine and New York-based publication Global Finance. In 2018 Euromoney also honoured CaixaBank as the best private banking operator in Spain for the fourth consecutive year.

CaixaBank has also been acclaimed as one of the most sustainable banks in the world, according to the Dow Jones Sustainability Index.

]]>
CaixaBank has been awarded the “Africanity Trophy” for its efforts to support business, drive economic development and generate wealth in Africa.

The panel of judges, which met at the Palais Namaskar in Marrakech at an event organised by the MBK Media group in partnership with FIJET Morocco (International Federation of Tourism Journalists and Writers), particularly praised CaixaBank’s contributions to Moroccan economic progress via the “Le Cercle” initiative, a regular series of business debates that the bank runs in Casablanca.

The so-called “Africanity Trophies”, this year in their seventh edition, are intended to recognise the excellence and leadership of organisations and individuals that make standout efforts to improve economic, social and human conditions in Africa.

A number of leading figures from North and sub-Saharan Africa attended the awards ceremony, including Malian minister Oumar Ibrahim Touré. The event also featured the official unveiling of the new Livre de Prestige, dedicated to the Marrakech-Safi region.


The success of “Le Cercle”

CaixaBank, presided over by Chairman Jordi Gual and CEO Gonzalo Gortázar, organises its regular series of “Le Cercle” debates to discuss issues of common interest to both Spain and Morocco, while providing a platform to build ties between businesses in the two countries.

Set up in 2017, the initiative has provided a framework for debates on topics such as the rise of start-ups, growing investment in the agri-food industry, and specialised financing for businesses in Morocco.

The majority of these events are held in Casablanca, attended by business leaders and politicians, prominent specialists in the themes discussed, institutional representatives and international trade and investment operators. CaixaBank has created a specific space for the “Le Cercle” debates, furnished with all the technical equipment that such meetings require.

These events reinforce CaixaBank’s position as a leading consultant and driver of projects, while also supporting mutual investments between Spain and Morocco. Via its Moroccan subsidiary, with branches in Casablanca, Tangier and Agadir, the bank provides services and financing chiefly to Spanish businesses, but also to major international and Moroccan companies via a wide range of solutions and services for foreign trade operations.

CaixaBank has secured a significant market share among Spanish businesses operating in Morocco and is the leading issuer of deposits originating in Spain. Likewise, it provides support to businesses interested in exploring the markets of North and sub-Saharan Africa.

About CaixaBank

CaixaBank is the leading retail bank in Spain, standing as the primary bank for 26.7% of the retail customer market. The bank, presided over by Chairman Jordi Gual and CEO Gonzalo Gortázar, serves close to 16 million customers in the Iberian market and operates 5,379 branches, the largest branch network in the Iberian Peninsula.

CaixaBank currently has an international network comprised of 26 operating branches and representative offices in 18 countries. CaixaBank harnesses these branches to provide consultancy, financing and banking services to Spanish businesses operating in the country. It also offers services and financing to local businesses that have trade relations with Spain and other countries where it has branches.

The bank was named “Best Bank in Spain in 2017” by Britain’s Euromoney magazine and New York-based publication Global Finance. In 2018 Euromoney also honoured CaixaBank as the best private banking operator in Spain for the fourth consecutive year.

CaixaBank has also been acclaimed as one of the most sustainable banks in the world, according to the Dow Jones Sustainability Index.

]]>
0
<![CDATA[CaixaBank becomes the first Spanish bank to provide a digital investment consultancy service as part of its online banking platform]]> https://blog.caixabank.es/?p=23645 2018-03-19T00:00:00.0Z 2018-03-19T00:00:00.0Z <![CDATA[CaixaBank becomes the first Spanish bank to provide a digital investment consultancy service as part of its online banking platform]]> CaixaBank has launched the first digital investment consultancy service to be incorporated within its online banking platform, called Smart Money. The new service provides customers with tailored investment recommendations and allows them to oversee their investments via the bank’s online platform, with all the benefits that come with such digitalisation: a more efficient, flexible and faster service.

Smart Money gives customers access to a range of different markets and assets via managed portfolios, with a minimum investment of 1,000 euros and at an annual cost of 6 euros.

The initiative combines simple and attractive features with a powerful technological solution for CaixaBank discretionary investment management. In fact, it further extends the range of products made available by the bank in such services.

Customers are required to answer a few questions to allow the platform to evaluate their personal circumstances in a few easy steps. Users will instantly be sent recommendations appropriate for their objectives and risk tolerance. They will then have access to the bank’s portfolio of investment funds. This investment service is fully online and compliant with new MIFID II regulations. It is structured via new funds created specifically for the purposes of building Smart Money portfolios.

A simple and fast process, with outstanding user experience

During the design stage for the new service, CaixaBank conducted surveys and held focus groups with more than 200 users, in a process of co-creation based on design-thinking techniques, thus helping to shape the features of the platform and ensure an outstanding user experience.

The result is a simple, modern and highly usable service, which includes: 

  • Customer questionnaire: a series of questions are asked to evaluate the customer's personal circumstances, objectives and risk tolerance.

 

  •  Recommendation: All recommendations will be shaped by the customer's risk tolerance and with a view to providing the portfolio most suitable to their profile. Two lower risk options will also be offered. Customers will be able to view the list of products comprising each available portfolio, as well as anticipated future scenarios. 
  • Arrangement: The customer simply selects a portfolio and contractual formalities will be completed. 
  • Monitoring: Once a portfolio has been arranged, the customer can monitor how it performs via the home banking platform. 

Leadership in investment funds and portfolio management

CaixaBank, presided over by Jordi Gual and CEO Gonzalo Gortázar, is the current Spanish market leader in investment funds. Its investment firm manages a total of 44,896 million euros in assets and controls a market share of 16.71% as per 28 February, according to data from Inverco.

In 2017 CaixaBank secured 108.6% growth in discretionary investment management, a segment in which it is also the market leader with €15 billion in assets under management. This investment format allows for faster reaction times in the event of market fluctuations, greater diversification of positions and optimal cost transparency, as well as other benefits. 

Smart Money is also Now

This new service is part of the bank’s Now concept, providing innovative CaixaBank products and services that customers can arrange immediately via digital channels.

The bank launched this initiative as a means of grouping all digital services under a single concept. Now services are designed to allow customers to easily and instantly oversee their personal finances. 

CaixaBank, leader in innovation

CaixaBank is considered a pioneering innovator in financial services worldwide, thanks to its outstanding position in mobile banking and online banking.

In 2017, The Banker, part of the Financial Times Group, picked the launch of the imaginBank chatbot as the year’s best technology project. Likewise, Global Finance magazine named CaixaBank as the Best Digital Bank in Spain, the Best Digital bank in Western Europe 2017, and the World’s Best Bank in Social media 2017.

]]>
CaixaBank has launched the first digital investment consultancy service to be incorporated within its online banking platform, called Smart Money. The new service provides customers with tailored investment recommendations and allows them to oversee their investments via the bank’s online platform, with all the benefits that come with such digitalisation: a more efficient, flexible and faster service.

Smart Money gives customers access to a range of different markets and assets via managed portfolios, with a minimum investment of 1,000 euros and at an annual cost of 6 euros.

The initiative combines simple and attractive features with a powerful technological solution for CaixaBank discretionary investment management. In fact, it further extends the range of products made available by the bank in such services.

Customers are required to answer a few questions to allow the platform to evaluate their personal circumstances in a few easy steps. Users will instantly be sent recommendations appropriate for their objectives and risk tolerance. They will then have access to the bank’s portfolio of investment funds. This investment service is fully online and compliant with new MIFID II regulations. It is structured via new funds created specifically for the purposes of building Smart Money portfolios.

A simple and fast process, with outstanding user experience

During the design stage for the new service, CaixaBank conducted surveys and held focus groups with more than 200 users, in a process of co-creation based on design-thinking techniques, thus helping to shape the features of the platform and ensure an outstanding user experience.

The result is a simple, modern and highly usable service, which includes: 

  • Customer questionnaire: a series of questions are asked to evaluate the customer's personal circumstances, objectives and risk tolerance.

 

  •  Recommendation: All recommendations will be shaped by the customer's risk tolerance and with a view to providing the portfolio most suitable to their profile. Two lower risk options will also be offered. Customers will be able to view the list of products comprising each available portfolio, as well as anticipated future scenarios. 
  • Arrangement: The customer simply selects a portfolio and contractual formalities will be completed. 
  • Monitoring: Once a portfolio has been arranged, the customer can monitor how it performs via the home banking platform. 

Leadership in investment funds and portfolio management

CaixaBank, presided over by Jordi Gual and CEO Gonzalo Gortázar, is the current Spanish market leader in investment funds. Its investment firm manages a total of 44,896 million euros in assets and controls a market share of 16.71% as per 28 February, according to data from Inverco.

In 2017 CaixaBank secured 108.6% growth in discretionary investment management, a segment in which it is also the market leader with €15 billion in assets under management. This investment format allows for faster reaction times in the event of market fluctuations, greater diversification of positions and optimal cost transparency, as well as other benefits. 

Smart Money is also Now

This new service is part of the bank’s Now concept, providing innovative CaixaBank products and services that customers can arrange immediately via digital channels.

The bank launched this initiative as a means of grouping all digital services under a single concept. Now services are designed to allow customers to easily and instantly oversee their personal finances. 

CaixaBank, leader in innovation

CaixaBank is considered a pioneering innovator in financial services worldwide, thanks to its outstanding position in mobile banking and online banking.

In 2017, The Banker, part of the Financial Times Group, picked the launch of the imaginBank chatbot as the year’s best technology project. Likewise, Global Finance magazine named CaixaBank as the Best Digital Bank in Spain, the Best Digital bank in Western Europe 2017, and the World’s Best Bank in Social media 2017.

]]>
0
<![CDATA[Europe remains the best region for the internationalization of Spanish companies, according to the 2017 ICIE]]> https://blog.caixabank.es/?p=23645 2018-03-16T12:00:00.0Z 2018-03-16T12:00:00.0Z <![CDATA[Europe remains the best region for the internationalization of Spanish companies, according to the 2017 ICIE]]> CaixaBank has published the second CaixaBank Index for Business Internationalization (2017 ICIE, in its Spanish acronym), which evaluates all the key factors that shape decisions at Spanish companies regarding international expansion in a given country.

According to the 2017 ICIE, Western Europe once again offers the best conditions for Spanish companies’ international growth. As a whole, they are geographically closer to Spain, offer advanced administrative and legal frameworks, have a well-trained labour force, robust purchasing power, and solid financial and institutional environments, among many other positive aspects. Specifically, 8 the top 10 countries in the ICIE ranking are in Western Europe. By countries, the United Kingdom remains the best country for the international growth of Spanish companies, practically tied with the United States and France.

America as a whole is the second-best region for Spanish companies to drive internationalization, albeit someway behind Western Europe (with the exception of the United States). Mexico and Brazil, the two largest economies in Latin America, are high on the index (14th and 22nd respectively). In Brazil’s case, despite the challenges facing the economy, the fact that numerous Spanish companies already operate in the country ensures that it remains relatively attractive.

Support for the international growth of companies

The aim of the ICIE, which CaixaBank Research runs in partnership with the CaixaBank Foreign Trade Department, is to provide support to those companies looking to expand internationally, whether by selling products abroad, seeking foreign suppliers, or any other investment process.

Specifically, the ICIE covers a total of 67 countries, including both advanced and emerging economies, to create a ranking according to how appealing said countries are for Spanish businesses. The index is comprised of five key pillars that represent fundamental issues on which international growth decisions are often founded, such as a country’s accessibility, ease of operating in the same, commercial appeal, financial climate and stability.

The 2017 ICIE features an interactive new tool that allows companies to personalise their own internationalisation index, allocating values to each country based how important the five key aspects are for their businesses. Full information is available to companies free of charge at the CaixaBank Research website (www.caixabankresearch.com).

The initiative complements the CaixaBank value proposition, seeking to provide outstanding consultancy to companies that aspire to diversify their businesses and extend operations into international markets.

The bank of choice for companies

During 2017 CaixaBank consolidated its standing as the bank of choice for businesses. According to a market penetration study by FRS Inmark, 48% of Spanish companies with turnover of between €1 million and €100 million are CaixaBank clients.

CaixaBank operates a specialist network comprised of 116 centres located nationwide across Spain. The centres are staffed by 1,245 highly trained specialists of outstanding reputation in business consultancy.

]]>
CaixaBank has published the second CaixaBank Index for Business Internationalization (2017 ICIE, in its Spanish acronym), which evaluates all the key factors that shape decisions at Spanish companies regarding international expansion in a given country.

According to the 2017 ICIE, Western Europe once again offers the best conditions for Spanish companies’ international growth. As a whole, they are geographically closer to Spain, offer advanced administrative and legal frameworks, have a well-trained labour force, robust purchasing power, and solid financial and institutional environments, among many other positive aspects. Specifically, 8 the top 10 countries in the ICIE ranking are in Western Europe. By countries, the United Kingdom remains the best country for the international growth of Spanish companies, practically tied with the United States and France.

America as a whole is the second-best region for Spanish companies to drive internationalization, albeit someway behind Western Europe (with the exception of the United States). Mexico and Brazil, the two largest economies in Latin America, are high on the index (14th and 22nd respectively). In Brazil’s case, despite the challenges facing the economy, the fact that numerous Spanish companies already operate in the country ensures that it remains relatively attractive.

Support for the international growth of companies

The aim of the ICIE, which CaixaBank Research runs in partnership with the CaixaBank Foreign Trade Department, is to provide support to those companies looking to expand internationally, whether by selling products abroad, seeking foreign suppliers, or any other investment process.

Specifically, the ICIE covers a total of 67 countries, including both advanced and emerging economies, to create a ranking according to how appealing said countries are for Spanish businesses. The index is comprised of five key pillars that represent fundamental issues on which international growth decisions are often founded, such as a country’s accessibility, ease of operating in the same, commercial appeal, financial climate and stability.

The 2017 ICIE features an interactive new tool that allows companies to personalise their own internationalisation index, allocating values to each country based how important the five key aspects are for their businesses. Full information is available to companies free of charge at the CaixaBank Research website (www.caixabankresearch.com).

The initiative complements the CaixaBank value proposition, seeking to provide outstanding consultancy to companies that aspire to diversify their businesses and extend operations into international markets.

The bank of choice for companies

During 2017 CaixaBank consolidated its standing as the bank of choice for businesses. According to a market penetration study by FRS Inmark, 48% of Spanish companies with turnover of between €1 million and €100 million are CaixaBank clients.

CaixaBank operates a specialist network comprised of 116 centres located nationwide across Spain. The centres are staffed by 1,245 highly trained specialists of outstanding reputation in business consultancy.

]]>
0
<![CDATA[CaixaBank places its second issue of preferred bonds convertible into shares, issuing 1.25 billion euros and attracting demand of more than 3.5 billion euros]]> https://blog.caixabank.es/?p=23645 2018-03-13T18:00:00.0Z 2018-03-13T18:00:00.0Z <![CDATA[CaixaBank places its second issue of preferred bonds convertible into shares, issuing 1.25 billion euros and attracting demand of more than 3.5 billion euros]]> CaixaBank has launched its second issue of preferred bonds eventually convertible into shares, amounting to 1.25 billion euros, paying a coupon of 5.25%. These are perpetual preferred securities, callable after eight years.

The outstanding demand attracted by the issue allowed CaixaBank to set a final coupon rate at 5.25%, 25 basis points below the initial offer of 5.50%. CaixaBank thus became the first Spanish issuer to make a placement in euros that is callable after 8 years, compared to the standard 5 years for such issues, demonstrating the CaixaBank brand's exceptional market credibility and its recognised trajectory in recent years.

This new issue further strengthens the bank’s already excellent solvency ratios, to 13.2% Tier 1 and 16.6% Total Capital in phased-in terms, and to 13.0% Tier 1 and 16.4% Total Capital in fully loaded terms, while also driving up CaixaBank’s high-quality liquid assets, which as per 31 December amounted to 43,356 million euros, with a liquidity coverage ratio (LCR) standing at 207%, well above the 80% minimum requirement for 2017.

CaixaBank has thus completed its third issue of institutional debt in 2018 and the first of capital. This follows issues of 10-year and 15-year covered bonds, as well as 5-year senior ordinary debt placement, seeing the bank extend its maturities profile and take advantage of record low interest rates.

International demand

CaixaBank, presided over by Chairman Jordi Gual and CEO Gonzalo Gortázar, capitalised on positive market conditions to complete this issue, with investors demonstrating their confidence in the group’s strengths and the outstanding credit quality backing such placements.

The issue secured an excellent response from 270 institutional investors. Foreign investors accounted for 95% of the placement.

Standard & Poor’s allocated the issue a BB- rating. The banks underwriting the new issue were Barclays Bank of America, CaixaBank CIB, Citigroup and Goldman Sachs.

]]>
CaixaBank has launched its second issue of preferred bonds eventually convertible into shares, amounting to 1.25 billion euros, paying a coupon of 5.25%. These are perpetual preferred securities, callable after eight years.

The outstanding demand attracted by the issue allowed CaixaBank to set a final coupon rate at 5.25%, 25 basis points below the initial offer of 5.50%. CaixaBank thus became the first Spanish issuer to make a placement in euros that is callable after 8 years, compared to the standard 5 years for such issues, demonstrating the CaixaBank brand's exceptional market credibility and its recognised trajectory in recent years.

This new issue further strengthens the bank’s already excellent solvency ratios, to 13.2% Tier 1 and 16.6% Total Capital in phased-in terms, and to 13.0% Tier 1 and 16.4% Total Capital in fully loaded terms, while also driving up CaixaBank’s high-quality liquid assets, which as per 31 December amounted to 43,356 million euros, with a liquidity coverage ratio (LCR) standing at 207%, well above the 80% minimum requirement for 2017.

CaixaBank has thus completed its third issue of institutional debt in 2018 and the first of capital. This follows issues of 10-year and 15-year covered bonds, as well as 5-year senior ordinary debt placement, seeing the bank extend its maturities profile and take advantage of record low interest rates.

International demand

CaixaBank, presided over by Chairman Jordi Gual and CEO Gonzalo Gortázar, capitalised on positive market conditions to complete this issue, with investors demonstrating their confidence in the group’s strengths and the outstanding credit quality backing such placements.

The issue secured an excellent response from 270 institutional investors. Foreign investors accounted for 95% of the placement.

Standard & Poor’s allocated the issue a BB- rating. The banks underwriting the new issue were Barclays Bank of America, CaixaBank CIB, Citigroup and Goldman Sachs.

]]>
0
<![CDATA[MICFootball’18 launches two new categories and breaks the record for participating teams]]> https://blog.caixabank.es/?p=23645 2018-03-12T00:00:00.0Z 2018-03-12T00:00:00.0Z <![CDATA[MICFootball’18 launches two new categories and breaks the record for participating teams]]> The international young football players tournament MIC – Mediterranean International Cup, which this year celebrates its 18th birthday, was presented this Monday at CaixaBank meeting room in Barcelona. The event was attended by Philippe Coutinho, player of FC Barcelona and three times winner of MICFootball, and Alexia Putellas, female FC Barcelona player.

Philippe Coutinho has recommended to boys and girls who will participate at the tournament to enjoy the games with “joy and respect” and he told them to be “happy at the fields”, and he has recognized that MICFootball was “a great opportunity to enjoy a very well organized tournament and a chance to leave Brazil for the first time”.

On the other hand, Alexia Putellas has assured that “the fact that MICFootball bets on feminine football demonstrates how our sport increases”, and she added that girls have to “get the most out of the tournament” because it’s an opportunity that “it was not always there”.

Juanjo Rovira, MICFootball director, has explained that the tournament “don’t stop growing up” and he assured that the organization of it is “a great responsibility”.

The presentation was also attended by Gerard Figueras, general secretary of Sports of the Government of Catalonia; Pere Vila, President of the provincial government of Girona (Diputació de Girona); and Maria Lluïsa Martínez Gistau, executive director of External Communication, Institutional Relations, Brand and Corporate Social Responsibility (CSR) of CaixaBank.

Figueras claimed that “MICFootball reaches legal age fully consolidated as one of the most important football tournaments for young players worldwide”. The secretary of Sports highlighted that “because its organizational capacity, sports promotion, economic and tourism impact, and dissemination of the values of sport among the youngest, it is an exemplary event in our area, which projects our sport potential internationally and puts Catalonia on the map of major sporting events in the world.”

The president of Diputació de Girona, Pere Vila, attended the event representing the municipalities that host MICFootball. He assured that “the greatness of the tournament is that players of Catalan teams ¾no matter what category they play in¾ can compete on equal terms with the best youth football teams in the world”. Moreover, Vila admitted that “although MICFootball generates an economic impact on the territory around three and a half million euros, its media impact and the promotion of the territory is priceless”.

Maria Lluïsa Martínez Gistau, as executive director of External Comunication, Institutional Relations, Brand and CSR and representative of CaixaBank during the press conference, stated that “for CaixaBank is an honour to host the presentation of the MICFootball new edition, an international benchmark tournament of which we are the main sponsors in the world of football, basketball and integrated sports. Betting on this sports sponsorship is to bind together the entity with sports practices with which we share values such as leadership, effort, improvement and teamwork. At the same time, we believe that supporting children’s and adaptive sports reveals our commitment to diversity and a more inclusive society, reflecting the socially responsible banking model”.

Carlos Bosch, responsible of Danone Nations Cup in Spain, asserted that “football is a perfect tool to promote healthy living habits and convey such fundamental values as compassion, respect or fair play. And for the little ones, the tournaments are like a dream come true. With this goal, the Danone Nations Cup was born, considered the juveniles world cup”. Bosch added that for them “it is an honour to participate and expand a tournament for young players so important as MICFootball 2018, promoting the Football 7 game, and thanks to this joint effort to boost the female category for the first time. So, we keep doing our part to fulfil the dreams of girls and boys of all over the world”.

Coinciding with its 18th anniversary, MICFootball has launched two new categories ¾B2 (first year young players) and C2 (first year childish) ¾ and has recovered G category (young-childish female). Thus, the tournament will count on more teams than ever. This year’s edition will reach 372 teams, exceeding the 280 registered last year. This means that more than 900 matches will be played and more than 7.000 boys and girls from up to 42 countries will participate in the event.

The MIC will take place from the March 27th to April 1st and will have 46 playgrounds distributed in 37 headquarters. As a newness, this year the tournament will debut in Figueres —Vilatenim Stadium will be the scenario of the inauguration ceremony and some finals—, Sant Pere Pescador, Llançà, Bàscara, Empuriabrava, La Jonquera, Sant Gregori, Bescanó, Quart, Pals, Monells, Girona (Torres de Palau) and Vilobí d’Onyar.

MICFootball, which once again has the main sponsorship of CaixaBank, Diputació de Girona and LaLiga, reaches its 18th edition defending the same values of its beginnings: effort, certainty, respect and teamwork. The contest is a great opportunity for all participants to get to know other cultures and compete with future football and basketball stars worldwide. Large teams took part of MIC in the past editions, such as the National Team of Brazil, FC Barcelona, RCD Espanyol and Manchester United, among many others. In addition, top players such as Messi, Neymar, Coutinho, Marcelo, Piqué, Sergi Roberto, Bellerín, Bartra or Casemiro have participated in MICFootball in their training phase.

The MICBasketball, also expanded

Concurrently to MICFootball, this year the MICBasketball second edition will be played. After last year’s success, returns with the ambition of becoming the training basketball global benchmark. For this reason, the tournament turns from 60 to more than 100 registered teams, who will be divided in 10 categories. Proof of the success of this MIC field is that 50% of the participating teams in 2017 edition will repeat this year.

6th edition of MIC Integra

The MIC Integra adaptative football for people with intellectual disabilities celebrates its 6th birthday. This year several football and basketball teams from all over Catalonia will have an appointment on Friday, March 30th, in Vidreres to compete between one another. The MIC Integra counts with the support of the “la Caixa” Foundation and aims to promote the creation of a space in the sports scene to make possible that these players have their own tournament.

]]>
The international young football players tournament MIC – Mediterranean International Cup, which this year celebrates its 18th birthday, was presented this Monday at CaixaBank meeting room in Barcelona. The event was attended by Philippe Coutinho, player of FC Barcelona and three times winner of MICFootball, and Alexia Putellas, female FC Barcelona player.

Philippe Coutinho has recommended to boys and girls who will participate at the tournament to enjoy the games with “joy and respect” and he told them to be “happy at the fields”, and he has recognized that MICFootball was “a great opportunity to enjoy a very well organized tournament and a chance to leave Brazil for the first time”.

On the other hand, Alexia Putellas has assured that “the fact that MICFootball bets on feminine football demonstrates how our sport increases”, and she added that girls have to “get the most out of the tournament” because it’s an opportunity that “it was not always there”.

Juanjo Rovira, MICFootball director, has explained that the tournament “don’t stop growing up” and he assured that the organization of it is “a great responsibility”.

The presentation was also attended by Gerard Figueras, general secretary of Sports of the Government of Catalonia; Pere Vila, President of the provincial government of Girona (Diputació de Girona); and Maria Lluïsa Martínez Gistau, executive director of External Communication, Institutional Relations, Brand and Corporate Social Responsibility (CSR) of CaixaBank.

Figueras claimed that “MICFootball reaches legal age fully consolidated as one of the most important football tournaments for young players worldwide”. The secretary of Sports highlighted that “because its organizational capacity, sports promotion, economic and tourism impact, and dissemination of the values of sport among the youngest, it is an exemplary event in our area, which projects our sport potential internationally and puts Catalonia on the map of major sporting events in the world.”

The president of Diputació de Girona, Pere Vila, attended the event representing the municipalities that host MICFootball. He assured that “the greatness of the tournament is that players of Catalan teams ¾no matter what category they play in¾ can compete on equal terms with the best youth football teams in the world”. Moreover, Vila admitted that “although MICFootball generates an economic impact on the territory around three and a half million euros, its media impact and the promotion of the territory is priceless”.

Maria Lluïsa Martínez Gistau, as executive director of External Comunication, Institutional Relations, Brand and CSR and representative of CaixaBank during the press conference, stated that “for CaixaBank is an honour to host the presentation of the MICFootball new edition, an international benchmark tournament of which we are the main sponsors in the world of football, basketball and integrated sports. Betting on this sports sponsorship is to bind together the entity with sports practices with which we share values such as leadership, effort, improvement and teamwork. At the same time, we believe that supporting children’s and adaptive sports reveals our commitment to diversity and a more inclusive society, reflecting the socially responsible banking model”.

Carlos Bosch, responsible of Danone Nations Cup in Spain, asserted that “football is a perfect tool to promote healthy living habits and convey such fundamental values as compassion, respect or fair play. And for the little ones, the tournaments are like a dream come true. With this goal, the Danone Nations Cup was born, considered the juveniles world cup”. Bosch added that for them “it is an honour to participate and expand a tournament for young players so important as MICFootball 2018, promoting the Football 7 game, and thanks to this joint effort to boost the female category for the first time. So, we keep doing our part to fulfil the dreams of girls and boys of all over the world”.

Coinciding with its 18th anniversary, MICFootball has launched two new categories ¾B2 (first year young players) and C2 (first year childish) ¾ and has recovered G category (young-childish female). Thus, the tournament will count on more teams than ever. This year’s edition will reach 372 teams, exceeding the 280 registered last year. This means that more than 900 matches will be played and more than 7.000 boys and girls from up to 42 countries will participate in the event.

The MIC will take place from the March 27th to April 1st and will have 46 playgrounds distributed in 37 headquarters. As a newness, this year the tournament will debut in Figueres —Vilatenim Stadium will be the scenario of the inauguration ceremony and some finals—, Sant Pere Pescador, Llançà, Bàscara, Empuriabrava, La Jonquera, Sant Gregori, Bescanó, Quart, Pals, Monells, Girona (Torres de Palau) and Vilobí d’Onyar.

MICFootball, which once again has the main sponsorship of CaixaBank, Diputació de Girona and LaLiga, reaches its 18th edition defending the same values of its beginnings: effort, certainty, respect and teamwork. The contest is a great opportunity for all participants to get to know other cultures and compete with future football and basketball stars worldwide. Large teams took part of MIC in the past editions, such as the National Team of Brazil, FC Barcelona, RCD Espanyol and Manchester United, among many others. In addition, top players such as Messi, Neymar, Coutinho, Marcelo, Piqué, Sergi Roberto, Bellerín, Bartra or Casemiro have participated in MICFootball in their training phase.

The MICBasketball, also expanded

Concurrently to MICFootball, this year the MICBasketball second edition will be played. After last year’s success, returns with the ambition of becoming the training basketball global benchmark. For this reason, the tournament turns from 60 to more than 100 registered teams, who will be divided in 10 categories. Proof of the success of this MIC field is that 50% of the participating teams in 2017 edition will repeat this year.

6th edition of MIC Integra

The MIC Integra adaptative football for people with intellectual disabilities celebrates its 6th birthday. This year several football and basketball teams from all over Catalonia will have an appointment on Friday, March 30th, in Vidreres to compete between one another. The MIC Integra counts with the support of the “la Caixa” Foundation and aims to promote the creation of a space in the sports scene to make possible that these players have their own tournament.

]]>
0