<![CDATA[CaixaBank - Communication]]> https://www.caixabank.com/aplnr/comunicacion/buscador/servicio.noticiasRSS_en.html WordPress <![CDATA[CaixaBank accompanies Spanish agro-food companies in Africa's largest agricultural trade fair]]> https://blog.caixabank.es/?p=23645 2019-04-17T00:00:00.0Z 2019-04-17T00:00:00.0Z <![CDATA[CaixaBank accompanies Spanish agro-food companies in Africa's largest agricultural trade fair]]> CaixaBank takes part for the third consecutive year in the Salon International de l’Agriculture au Maroc (SIAM – International Agricultural Trade Fair in Morocco), with the aim of accompanying, advising and supporting Spanish companies from the agro-food sector that seek internationalisation on the African continent.

CaixaBank, the sole Spanish bank present at the event, bolsters its position as a benchmark entity for Spanish companies in Morocco, where it has been present for a decade.

The SIAM, which is held between 16 and 21 April in the city of Meknes, is Africa's largest agricultural trade fair. This year, the event expects to receive a million visitors and more than 1,500 exhibitors from 72 countries.

This year, managers from CaixaBank's International Banking and Foreign Trade and Risk Management divisions will meet companies attending the event to advise them and support them on their exports and investments in Morocco.

Through these divisions, CaixaBank offers advisory services on long and short-term financing, collection and payment management, guarantee facilities, foreign trade and risk management, accompanying its customers throughout their internationalisation process. 

Within the framework of the trade fair, together with ICEX, CaixaBank will hold an event to promote knowledge and relations between Moroccan and Spanish agro-food companies. In addition to representatives from the companies present at the trade fair, the event is scheduled to host Ricardo Díez-Hochleitner Rodríguez, Spain's ambassador to the country; Ignacio Pino, CaixaBank's country manager in Morocco; and Manuela Hernández-Ardieta Rosique, a specialist in Foreign Trade at CaixaBank's Eastern Andalusia-Murcia Regional Division. 

Agriculture is a significant driver for the Moroccan economy, representing 14% of the GDP, according to ICEX data from 2018. It employs around 40% of the total working population, with 4 million jobs and 1.5 million farm holdings. Together with the agroindustry and fishing, it is the third-ranked sector in terms of exports and represents 20% of the value of the Moroccan exports.

Spain has become an agroindustrial benchmark for Morocco. It currently leads sales of agricultural machinery in the country. Between January and November 2018, Spain exported 402 million euros in agro-food products to Morocco; whereas it imported 1.4 billion euros.

AgroBank, the business line for farming and agro-food companies

AgroBank, CaixaBank's business line designed for the agricultural sector, has consolidated its leadership in this sector and its customers include one out of every four Spanish farmers. AgroBank's value proposal combines developing the best products and services adapted to meet the specific needs of farmers, stockbreeders and members of cooperatives, blended with personal and comprehensive advice.

AgroBank has almost 1,000 exclusive branches in Spain, offering customers 3,000 professionals with extensive knowledge of the sector, and conducting actions to boost to the sector, such as technical events, agreements with important organisations, and seminars given by the AgroBank Lectureship.

Specialised advice on Foreign Trade and Risk Management

CaixaBank is among the leading companies in offering advice on foreign trade to Spanish companies, with financial solutions adapted to suit each company's profile in its internationalisation process, ranging from SMEs and micro-enterprises that are starting exportation activities, to large corporations and business groups tackling more complex international projects.

CaixaBank offers specialised, personalised advice with an extensive network of specialists: 120 professionals in its Foreign Trade and Risk Management division located at the entity’s business centres.

Furthermore, CaixaBank offers pioneering services for companies, such as a specialised online service and in-company sessions arranged at the customer's offices and conducted via videoconference, and it is the first financial institution to obtain the AENOR quality certification for this service.

CaixaBank holds its Jornadas de Puerta al Exterior (Foreign Gateway Sessions) events to support the corporate sector in international projects.

Morocco, a key country for CaixaBank

This year, CaixaBank is celebrating the tenth anniversary of its banking licence in Morocco. It currently has three branches in the country – Casablanca, Tangier and Agadir – from which it offers foreign trade, business banking and corporate banking services, both to Spanish companies already established in the country or looking to enter the Moroccan market, and to Moroccan and multinational corporations.

In Agadir, due to the characteristics of this city's economy, the bank also offers its specialised services for the tourism, fishing and agricultural sectors. This branch has the product offering and know-how of AgroBank, the line of business developed specifically by CaixaBank for farming and agro-food companies.

The entity has established itself as a benchmark bank for Spanish companies operating in Morocco. More than 60% of the 800 Spanish companies operating in the country (according to ICEX data) are customers at the CaixaBank branch.

Last year, CaixaBank spearheaded the issuance of guarantees for Spanish companies with projects in the African country, with a market share of 57.7% for this kind of guarantee. Furthermore, in terms of letters of credit, Moroccan banks sent 25.6% of these to CaixaBank in Spain in 2018, thus, also establishing the bank as a leader in this market.

CaixaBank's international presence

CaixaBank has international branches in Morocco, Poland, the United Kingdom, Germany and France. Similarly, it has 18 representation branches spread across the 5 continents, from which it offers advice to multinational enterprises with subsidiaries in Spain, as well as to Spanish companies with projects abroad. 

Furthermore, CaixaBank has agreements in place with international banks, making it easier for companies and individuals from any country in the world to engage in international transactions and foreign trade. Conversely, it has a 9.92% stake in the Austrian entity Esrte Bank, and fully owns Portugal's Banco BPI.

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CaixaBank takes part for the third consecutive year in the Salon International de l’Agriculture au Maroc (SIAM – International Agricultural Trade Fair in Morocco), with the aim of accompanying, advising and supporting Spanish companies from the agro-food sector that seek internationalisation on the African continent.

CaixaBank, the sole Spanish bank present at the event, bolsters its position as a benchmark entity for Spanish companies in Morocco, where it has been present for a decade.

The SIAM, which is held between 16 and 21 April in the city of Meknes, is Africa's largest agricultural trade fair. This year, the event expects to receive a million visitors and more than 1,500 exhibitors from 72 countries.

This year, managers from CaixaBank's International Banking and Foreign Trade and Risk Management divisions will meet companies attending the event to advise them and support them on their exports and investments in Morocco.

Through these divisions, CaixaBank offers advisory services on long and short-term financing, collection and payment management, guarantee facilities, foreign trade and risk management, accompanying its customers throughout their internationalisation process. 

Within the framework of the trade fair, together with ICEX, CaixaBank will hold an event to promote knowledge and relations between Moroccan and Spanish agro-food companies. In addition to representatives from the companies present at the trade fair, the event is scheduled to host Ricardo Díez-Hochleitner Rodríguez, Spain's ambassador to the country; Ignacio Pino, CaixaBank's country manager in Morocco; and Manuela Hernández-Ardieta Rosique, a specialist in Foreign Trade at CaixaBank's Eastern Andalusia-Murcia Regional Division. 

Agriculture is a significant driver for the Moroccan economy, representing 14% of the GDP, according to ICEX data from 2018. It employs around 40% of the total working population, with 4 million jobs and 1.5 million farm holdings. Together with the agroindustry and fishing, it is the third-ranked sector in terms of exports and represents 20% of the value of the Moroccan exports.

Spain has become an agroindustrial benchmark for Morocco. It currently leads sales of agricultural machinery in the country. Between January and November 2018, Spain exported 402 million euros in agro-food products to Morocco; whereas it imported 1.4 billion euros.

AgroBank, the business line for farming and agro-food companies

AgroBank, CaixaBank's business line designed for the agricultural sector, has consolidated its leadership in this sector and its customers include one out of every four Spanish farmers. AgroBank's value proposal combines developing the best products and services adapted to meet the specific needs of farmers, stockbreeders and members of cooperatives, blended with personal and comprehensive advice.

AgroBank has almost 1,000 exclusive branches in Spain, offering customers 3,000 professionals with extensive knowledge of the sector, and conducting actions to boost to the sector, such as technical events, agreements with important organisations, and seminars given by the AgroBank Lectureship.

Specialised advice on Foreign Trade and Risk Management

CaixaBank is among the leading companies in offering advice on foreign trade to Spanish companies, with financial solutions adapted to suit each company's profile in its internationalisation process, ranging from SMEs and micro-enterprises that are starting exportation activities, to large corporations and business groups tackling more complex international projects.

CaixaBank offers specialised, personalised advice with an extensive network of specialists: 120 professionals in its Foreign Trade and Risk Management division located at the entity’s business centres.

Furthermore, CaixaBank offers pioneering services for companies, such as a specialised online service and in-company sessions arranged at the customer's offices and conducted via videoconference, and it is the first financial institution to obtain the AENOR quality certification for this service.

CaixaBank holds its Jornadas de Puerta al Exterior (Foreign Gateway Sessions) events to support the corporate sector in international projects.

Morocco, a key country for CaixaBank

This year, CaixaBank is celebrating the tenth anniversary of its banking licence in Morocco. It currently has three branches in the country – Casablanca, Tangier and Agadir – from which it offers foreign trade, business banking and corporate banking services, both to Spanish companies already established in the country or looking to enter the Moroccan market, and to Moroccan and multinational corporations.

In Agadir, due to the characteristics of this city's economy, the bank also offers its specialised services for the tourism, fishing and agricultural sectors. This branch has the product offering and know-how of AgroBank, the line of business developed specifically by CaixaBank for farming and agro-food companies.

The entity has established itself as a benchmark bank for Spanish companies operating in Morocco. More than 60% of the 800 Spanish companies operating in the country (according to ICEX data) are customers at the CaixaBank branch.

Last year, CaixaBank spearheaded the issuance of guarantees for Spanish companies with projects in the African country, with a market share of 57.7% for this kind of guarantee. Furthermore, in terms of letters of credit, Moroccan banks sent 25.6% of these to CaixaBank in Spain in 2018, thus, also establishing the bank as a leader in this market.

CaixaBank's international presence

CaixaBank has international branches in Morocco, Poland, the United Kingdom, Germany and France. Similarly, it has 18 representation branches spread across the 5 continents, from which it offers advice to multinational enterprises with subsidiaries in Spain, as well as to Spanish companies with projects abroad. 

Furthermore, CaixaBank has agreements in place with international banks, making it easier for companies and individuals from any country in the world to engage in international transactions and foreign trade. Conversely, it has a 9.92% stake in the Austrian entity Esrte Bank, and fully owns Portugal's Banco BPI.

]]>
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<![CDATA[CaixaBank consolidates its financial training programmes for shareholders thanks to its commitment to new technologies]]> https://blog.caixabank.es/?p=23645 2019-04-16T13:30:00.0Z 2019-04-16T13:30:00.0Z <![CDATA[CaixaBank consolidates its financial training programmes for shareholders thanks to its commitment to new technologies]]> CaixaBank consolidates its training programmes for shareholders, which have already been taken by over 10,000 people. Following the implementation of the Webinars Aula programme late last year to offer online training to retail shareholders, CaixaBank has managed to increase its Aula programme financial training events, which are held regularly throughout Spain. Furthermore, the bank continues to strengthen its corporate meetings conducted with shareholders in several Spanish cities.

In just seven months, since the launch of Webinars Aula, the bank has given 14 online courses, which have been taken by nearly 1,000 retail shareholders. Throughout this year, CaixaBank will hold a total of 15 online sessions. The seminars held up until now have explored the technical analysis of securities, monetary policies of central banks and different aspects regarding the taxation of pension plans. This programme reasserts the bank's commitment to innovation and digitalisation and strengthens the tools that the company offers its investors to enable them to make better investment decisions. CaixaBank offers all its shareholders the opportunity to take part in training seminars, regardless of where they are located.

Commitment to financial inclusion

For CaixaBank, digital transformation and the appearance of new generations of retail investors require companies to modify their communications model between the company and its stakeholders. CaixaBank is the first Spanish bank to implement a full online training programme specifically for shareholders, through which they can take ongoing, interactive training.

This innovative service is based in the principles of transparency and rigour upheld in all relations between CaixaBank and its shareholders.

The bank – with a firm commitment to financial inclusion – has held a total of 79 corporate meetings since 2011, attended by more than 6,900 shareholders, and 137 Aula courses, training over 9,500 shareholders.

In 2018, CaixaBank held 17 corporate meetings, which were attended by more than 870 shareholders. It also gave 18 Aula courses in 13 Spanish cities, which saw more than 1,300 shareholders participate, as well as four Webinars Aula sessions. This year, the events that the bank has held during the first quarter featured the participation of more than 1,500 shareholders.

CaixaBank was the first Ibex company to offer training to its shareholders, with the launch of the Aula programme in 2011. The bank offers these vocational training courses on financial markets and the economic outlook, which are given by prestigious schools such as the BME Institute and the UPF Barcelona School of Management. A new feature this year includes the incorporation of new business schools, such as the IEF (the Spanish Institute of Financial Studies), and CaixaBank Research.

Besides the training sessions, CaixaBank also holds regular corporate meetings in order to meet its shareholders, provide them with up-to-date information on CaixaBank shares and the company and respond to their queries and enquiries.

CaixaBank, a socially responsible bank

These initiatives are part of the CaixaBank Financial Culture Plan, a project designed to help citizens make better financial decisions. CaixaBank is committed to fostering financial inclusion, making its products and services understandable and putting them within reach of the highest number of people possible, because it understands that achieving equal opportunities and fighting against social exclusion is a fundamental condition.

CaixaBank is a benchmark bank in corporate responsibility, committed to the well-being of the regions in which it operates. In fact, one of the main goals of its 2019-2021 Strategic Plan is responsible management and its commitment to society. Initiatives here will aim to improve transparency with customers and promote financial culture and inclusion, social action and volunteering and sustainable funding and borrowing activity.

For CaixaBank, fostering financial knowledge, saving and social security contributes to building a fairer society. Hence, financial education is a key pillar of its Corporate Social Responsibility activity. The bank has reasserted itself as a different and transformative bank, striving to establish and promote its socially-responsible banking model. CaixaBank seeks sustainable returns and a management style that reflects its culture and its century-old corporate values: quality, trust and social commitment. The model contributes to resolving the most urgent economic, social and environmental challenges, and responds to society's global challenges.

]]>
CaixaBank consolidates its training programmes for shareholders, which have already been taken by over 10,000 people. Following the implementation of the Webinars Aula programme late last year to offer online training to retail shareholders, CaixaBank has managed to increase its Aula programme financial training events, which are held regularly throughout Spain. Furthermore, the bank continues to strengthen its corporate meetings conducted with shareholders in several Spanish cities.

In just seven months, since the launch of Webinars Aula, the bank has given 14 online courses, which have been taken by nearly 1,000 retail shareholders. Throughout this year, CaixaBank will hold a total of 15 online sessions. The seminars held up until now have explored the technical analysis of securities, monetary policies of central banks and different aspects regarding the taxation of pension plans. This programme reasserts the bank's commitment to innovation and digitalisation and strengthens the tools that the company offers its investors to enable them to make better investment decisions. CaixaBank offers all its shareholders the opportunity to take part in training seminars, regardless of where they are located.

Commitment to financial inclusion

For CaixaBank, digital transformation and the appearance of new generations of retail investors require companies to modify their communications model between the company and its stakeholders. CaixaBank is the first Spanish bank to implement a full online training programme specifically for shareholders, through which they can take ongoing, interactive training.

This innovative service is based in the principles of transparency and rigour upheld in all relations between CaixaBank and its shareholders.

The bank – with a firm commitment to financial inclusion – has held a total of 79 corporate meetings since 2011, attended by more than 6,900 shareholders, and 137 Aula courses, training over 9,500 shareholders.

In 2018, CaixaBank held 17 corporate meetings, which were attended by more than 870 shareholders. It also gave 18 Aula courses in 13 Spanish cities, which saw more than 1,300 shareholders participate, as well as four Webinars Aula sessions. This year, the events that the bank has held during the first quarter featured the participation of more than 1,500 shareholders.

CaixaBank was the first Ibex company to offer training to its shareholders, with the launch of the Aula programme in 2011. The bank offers these vocational training courses on financial markets and the economic outlook, which are given by prestigious schools such as the BME Institute and the UPF Barcelona School of Management. A new feature this year includes the incorporation of new business schools, such as the IEF (the Spanish Institute of Financial Studies), and CaixaBank Research.

Besides the training sessions, CaixaBank also holds regular corporate meetings in order to meet its shareholders, provide them with up-to-date information on CaixaBank shares and the company and respond to their queries and enquiries.

CaixaBank, a socially responsible bank

These initiatives are part of the CaixaBank Financial Culture Plan, a project designed to help citizens make better financial decisions. CaixaBank is committed to fostering financial inclusion, making its products and services understandable and putting them within reach of the highest number of people possible, because it understands that achieving equal opportunities and fighting against social exclusion is a fundamental condition.

CaixaBank is a benchmark bank in corporate responsibility, committed to the well-being of the regions in which it operates. In fact, one of the main goals of its 2019-2021 Strategic Plan is responsible management and its commitment to society. Initiatives here will aim to improve transparency with customers and promote financial culture and inclusion, social action and volunteering and sustainable funding and borrowing activity.

For CaixaBank, fostering financial knowledge, saving and social security contributes to building a fairer society. Hence, financial education is a key pillar of its Corporate Social Responsibility activity. The bank has reasserted itself as a different and transformative bank, striving to establish and promote its socially-responsible banking model. CaixaBank seeks sustainable returns and a management style that reflects its culture and its century-old corporate values: quality, trust and social commitment. The model contributes to resolving the most urgent economic, social and environmental challenges, and responds to society's global challenges.

]]>
0
<![CDATA[Objetivo: mantener al sector turĂ­stico en el podio]]> https://blog.caixabank.es/?p=23645 2019-04-16T12:17:20.0Z 2019-04-16T12:17:20.0Z <![CDATA[Objetivo: mantener al sector turĂ­stico en el podio]]> 0 <![CDATA[CaixaBank reiterates to shareholders its commitment to society and to socially responsible banking at its Annual General Meeting]]> https://blog.caixabank.es/?p=23645 2019-04-05T00:00:00.0Z 2019-04-05T00:00:00.0Z <![CDATA[CaixaBank reiterates to shareholders its commitment to society and to socially responsible banking at its Annual General Meeting]]> CaixaBank, Spain’s leading retail bank, held its Annual General Meeting today, during which it granted discharge to the management and ratified earnings for 2018. CaixaBank secured a majority vote among its shareholders, who approved, among other motions and proposals put forward by the Board of Directors, the re-election of Gonzalo Gortázar, Amparo Moraleda, John S. Reed and María Teresa Bassons as directors, and the appointment of Marcelino Armenter and Cristina Garmendia as new members of the Board of Directors.

During his address to shareholders, CaixaBank's Chairman, Jordi Gual, expressed his gratitude to outgoing directors Javier Ibarz, Juan Rosell, Alain Minc and Antonio Sáinz de Vicuña, praising “their unflinching dedication, support and commitment to the Bank over the years and in tackling all the challenges to have come our way during their time on the Board”.

The Chairman and CEO also showed their appreciation for the “commitment and hard work of the Group’s more than 37,000 employees, without which we would not have been able to meet the objectives we set ourselves over the course of the 2015-2018 Strategic Plan”.

Global macroeconomic climate and unsolved challenges 

After outlining the achievements made under the previous Strategic Plan and remarking that “this places us in in good stead to reach the objectives set out under the new 2019-2021 Strategic Plan”, CaixaBank Chairman Jordi Gual discussed the general macroeconomic climate and outlook for 2019, declaring that “both the global and eurozone economies are likely to see moderate growth over the coming years”. 

Within this largely positive climate, yet not immune to uncertainties, “Spain and Portugal will continue to outpace the eurozone in terms of growth”, explained Gual, who believes that certain key challenges remain unsolved, such as the need to “lower levels of public debt and press on with the reform process to further enhance competition, while at the same time paving the way for more inclusive growth that leaves no-one behind”.

CaixaBank's Chairman also touched on the subject of monetary policy within the eurozone, now that the European Central Bank has started to rethink its policy of maintaining a negative deposit facility rate. For Gual, “this would be a positive and most welcome decision since the concerns that warranted the negative rate in the first place, and by that I mean the impending threat of deflation, have now dissipated”. 

New challenges ahead 

The Bank's Chairman highlighted the main challenges now facing the financial sector in its current situation, “such as the data revolution and rising mobility”. For Gual, “the digital transformation is a huge opportunity for us to interact more with our customers and offer them a better experience, something that we at CaixaBank have shown we know how to do well”. 

Besides prudential regulations, Jordi Gual also discussed the “new regulations governing conduct and behaviour, as well as the protection of customer data and privacy”. CaixaBank's Chairman assured shareholders that “we share this belief and we are extremely aware of the importance of acting with the utmost transparency and integrity, and of having a sturdy governance model in place to maximise compliance with obligations in relation to banking, insurance and the securities markets”.

Committed to a socially responsible banking model 

Jordi Gual explained that society as a whole expects more from companies when it comes to social responsibility. According to Gual, “while the demands placed on banks are now greater than ever following the crisis, delivering on these expectations will ultimately help the financial sector regain the public's trust”. Following on, Gual stressed that “socially responsible banking is in our DNA and is a sustainable source of value generation for shareholders, customers, employees and society in general”.

The Chairman claimed that “the commitment of all Bank employees to our mission and values affords us great optimism. CaixaBank is a success story with a solid foundation, which looks to the future with ambition”. 

Lastly, Jordi Gual outlined the Bank's share performance and dividend policy. According to CaixaBank's Chairman, “accomplishing our 2015-2018 Strategic Plan led to a healthy share performance, with a total return —including dividends— that was up 13% on the average for Ibex 35 banks over the same period”.

Despite a somewhat less favourable showing in the first quarter of 2019, Gual is firmly convinced that “we will continue demonstrating our ability to generate results against a backdrop of rock-bottom interest rates, while showing that the measures we are taking –which come with a short-term cost– will ultimately strengthen our business model and our capacity to generate sustainable value over each year of the plan and further into the future”.

Rising market shares and improved returns

CaixaBank's CEO, Gonzalo Gortázar, began his address with a brief review of 2018. Gortázar underlined the main milestones reached in the year: “Cementing our leadership in retail and digital banking, ensuring a heavy reduction in non-performing and non-strategic assets, and achieving a satisfactory return”.

CaixaBank has continued to report significant growth in market shares across all its retail products, despite already being the market leader. “Our share of the payroll market stands at 26.8%. When it comes to mid-term and long-term savings products and private sector loans, our market shares come to 21.8% and 15.7%, respectively. Our market penetration among individual customers is 29.3% and we have a 32% market share among digital clients, making us the leading bank within the system”, added the CEO. 

Gortázar spoke also about the “ongoing improvements in our rate of return, which has climbed from 3.4% in 2014 to 9.3% at year-end 2018, in line with the objectives envisioned in the Strategic Plan and relating to cost of capital”.

People: the Bank's main priority 

Following on, the CEO explained the Bank’s priorities for the upcoming years, which include “being closer to customers, maintaining a return that is both sustainable and rewarding for shareholders and continuing to act as a benchmark for responsible banking. To achieve all this, we have the best team behind us”.

For Gortázar, “changing customer behaviours, a prolonged period of rock-bottom interest rates, strong pressure from competitors and an unsustainably low cost of risk, are all factors that are forcing us to invest heavily in tailoring our distribution network to customers, while constantly looking to become more efficient and, therefore, sustainable”. 

The CEO then unveiled the five strategic lines of the Strategic Plan, which will lay the foundations for the banking sector of tomorrow.

Gonzalo Gortázar reminded shareholders of the strategy already announced at the end of 2018 of consolidating the 'Store' urban branch model (minimum of 600 branches to be up and running by 2021) and the Bank's commitment to maintaining the AgroBank model in more rural communities (1,100 branches in towns and villages with fewer than 10,000 inhabitants), all with the aim of “combining specialist knowledge and extended opening times with proximity, penetration, and expertise”.

For CaixaBank's chief executive, “the Bank's key commitment is to people –both clients and employees– and to the society as a whole”. According to Gortázar, “digital transformation is a hugely valuable tool and will allow us to offer the best experience to our customers, increase employee productivity and further cement our leadership”.

Gortázar argued that “we cannot offer the best experience to customers without having the best and most motivated people on our side”. On this point he remarked that “we will continue to invest in training, in changing the profile of the organisation, in fostering diversity and in making our culture more agile and customer-oriented”.

Turning his attention to profitability objectives, CaixaBank's CEO confirmed the Bank's objective of growing RoTE to above 12% by the end of the new Strategic Plan, “with an improvement in core income from the banking business driven by increased levels of business, heavier focus on investment and transformation, and ongoing efforts to reduce non-performing assets”.

“We cannot conscionably engage in financial activity without being firmly committed to society”, added Gortázar as he wrapped up his address. For CaixaBank's Chief Executive, “the generally poor perception of the financial sector is a serious problem, yet it also provides an opportunity to show what makes CaixaBank different and here we are talking about quality, trust and social commitment.”

]]>
CaixaBank, Spain’s leading retail bank, held its Annual General Meeting today, during which it granted discharge to the management and ratified earnings for 2018. CaixaBank secured a majority vote among its shareholders, who approved, among other motions and proposals put forward by the Board of Directors, the re-election of Gonzalo Gortázar, Amparo Moraleda, John S. Reed and María Teresa Bassons as directors, and the appointment of Marcelino Armenter and Cristina Garmendia as new members of the Board of Directors.

During his address to shareholders, CaixaBank's Chairman, Jordi Gual, expressed his gratitude to outgoing directors Javier Ibarz, Juan Rosell, Alain Minc and Antonio Sáinz de Vicuña, praising “their unflinching dedication, support and commitment to the Bank over the years and in tackling all the challenges to have come our way during their time on the Board”.

The Chairman and CEO also showed their appreciation for the “commitment and hard work of the Group’s more than 37,000 employees, without which we would not have been able to meet the objectives we set ourselves over the course of the 2015-2018 Strategic Plan”.

Global macroeconomic climate and unsolved challenges 

After outlining the achievements made under the previous Strategic Plan and remarking that “this places us in in good stead to reach the objectives set out under the new 2019-2021 Strategic Plan”, CaixaBank Chairman Jordi Gual discussed the general macroeconomic climate and outlook for 2019, declaring that “both the global and eurozone economies are likely to see moderate growth over the coming years”. 

Within this largely positive climate, yet not immune to uncertainties, “Spain and Portugal will continue to outpace the eurozone in terms of growth”, explained Gual, who believes that certain key challenges remain unsolved, such as the need to “lower levels of public debt and press on with the reform process to further enhance competition, while at the same time paving the way for more inclusive growth that leaves no-one behind”.

CaixaBank's Chairman also touched on the subject of monetary policy within the eurozone, now that the European Central Bank has started to rethink its policy of maintaining a negative deposit facility rate. For Gual, “this would be a positive and most welcome decision since the concerns that warranted the negative rate in the first place, and by that I mean the impending threat of deflation, have now dissipated”. 

New challenges ahead 

The Bank's Chairman highlighted the main challenges now facing the financial sector in its current situation, “such as the data revolution and rising mobility”. For Gual, “the digital transformation is a huge opportunity for us to interact more with our customers and offer them a better experience, something that we at CaixaBank have shown we know how to do well”. 

Besides prudential regulations, Jordi Gual also discussed the “new regulations governing conduct and behaviour, as well as the protection of customer data and privacy”. CaixaBank's Chairman assured shareholders that “we share this belief and we are extremely aware of the importance of acting with the utmost transparency and integrity, and of having a sturdy governance model in place to maximise compliance with obligations in relation to banking, insurance and the securities markets”.

Committed to a socially responsible banking model 

Jordi Gual explained that society as a whole expects more from companies when it comes to social responsibility. According to Gual, “while the demands placed on banks are now greater than ever following the crisis, delivering on these expectations will ultimately help the financial sector regain the public's trust”. Following on, Gual stressed that “socially responsible banking is in our DNA and is a sustainable source of value generation for shareholders, customers, employees and society in general”.

The Chairman claimed that “the commitment of all Bank employees to our mission and values affords us great optimism. CaixaBank is a success story with a solid foundation, which looks to the future with ambition”. 

Lastly, Jordi Gual outlined the Bank's share performance and dividend policy. According to CaixaBank's Chairman, “accomplishing our 2015-2018 Strategic Plan led to a healthy share performance, with a total return —including dividends— that was up 13% on the average for Ibex 35 banks over the same period”.

Despite a somewhat less favourable showing in the first quarter of 2019, Gual is firmly convinced that “we will continue demonstrating our ability to generate results against a backdrop of rock-bottom interest rates, while showing that the measures we are taking –which come with a short-term cost– will ultimately strengthen our business model and our capacity to generate sustainable value over each year of the plan and further into the future”.

Rising market shares and improved returns

CaixaBank's CEO, Gonzalo Gortázar, began his address with a brief review of 2018. Gortázar underlined the main milestones reached in the year: “Cementing our leadership in retail and digital banking, ensuring a heavy reduction in non-performing and non-strategic assets, and achieving a satisfactory return”.

CaixaBank has continued to report significant growth in market shares across all its retail products, despite already being the market leader. “Our share of the payroll market stands at 26.8%. When it comes to mid-term and long-term savings products and private sector loans, our market shares come to 21.8% and 15.7%, respectively. Our market penetration among individual customers is 29.3% and we have a 32% market share among digital clients, making us the leading bank within the system”, added the CEO. 

Gortázar spoke also about the “ongoing improvements in our rate of return, which has climbed from 3.4% in 2014 to 9.3% at year-end 2018, in line with the objectives envisioned in the Strategic Plan and relating to cost of capital”.

People: the Bank's main priority 

Following on, the CEO explained the Bank’s priorities for the upcoming years, which include “being closer to customers, maintaining a return that is both sustainable and rewarding for shareholders and continuing to act as a benchmark for responsible banking. To achieve all this, we have the best team behind us”.

For Gortázar, “changing customer behaviours, a prolonged period of rock-bottom interest rates, strong pressure from competitors and an unsustainably low cost of risk, are all factors that are forcing us to invest heavily in tailoring our distribution network to customers, while constantly looking to become more efficient and, therefore, sustainable”. 

The CEO then unveiled the five strategic lines of the Strategic Plan, which will lay the foundations for the banking sector of tomorrow.

Gonzalo Gortázar reminded shareholders of the strategy already announced at the end of 2018 of consolidating the 'Store' urban branch model (minimum of 600 branches to be up and running by 2021) and the Bank's commitment to maintaining the AgroBank model in more rural communities (1,100 branches in towns and villages with fewer than 10,000 inhabitants), all with the aim of “combining specialist knowledge and extended opening times with proximity, penetration, and expertise”.

For CaixaBank's chief executive, “the Bank's key commitment is to people –both clients and employees– and to the society as a whole”. According to Gortázar, “digital transformation is a hugely valuable tool and will allow us to offer the best experience to our customers, increase employee productivity and further cement our leadership”.

Gortázar argued that “we cannot offer the best experience to customers without having the best and most motivated people on our side”. On this point he remarked that “we will continue to invest in training, in changing the profile of the organisation, in fostering diversity and in making our culture more agile and customer-oriented”.

Turning his attention to profitability objectives, CaixaBank's CEO confirmed the Bank's objective of growing RoTE to above 12% by the end of the new Strategic Plan, “with an improvement in core income from the banking business driven by increased levels of business, heavier focus on investment and transformation, and ongoing efforts to reduce non-performing assets”.

“We cannot conscionably engage in financial activity without being firmly committed to society”, added Gortázar as he wrapped up his address. For CaixaBank's Chief Executive, “the generally poor perception of the financial sector is a serious problem, yet it also provides an opportunity to show what makes CaixaBank different and here we are talking about quality, trust and social commitment.”

]]>
0
<![CDATA[CaixaBank fosters the participation of 1,350 customers in voluntary work activities together with 11,700 of the bank's employees]]> https://blog.caixabank.es/?p=23645 2019-04-04T10:00:00.0Z 2019-04-04T10:00:00.0Z <![CDATA[CaixaBank fosters the participation of 1,350 customers in voluntary work activities together with 11,700 of the bank's employees]]> More than 11,700 employees from CaixaBank, the “la Caixa” Banking Foundation and its group (more than a third of the total), have undertaken to participate in a week of voluntary work activities, in social entities throughout Spain. On this occasion, more than 1,350 customers have also joined them to gain a greater understanding and become involved in many of the social projects that the Banking Foundation and CaixaBank help to make possible.

From 30 March to 7 April, employees and customers can take part in more than 3,000 activities, run by 1,500 different social entities spread throughout Spain, to carry out voluntary social work.

The teams from the CaixaBank International department located in eighteen different countries where the company has branches are also taking part. Specifically, 150 voluntary work posts have been made available in China, India, Brazil, Italy, Peru, Singapore, Germany, France, Poland, the United States and Morocco.

The Chairman of CaixaBank, Jordi Gual, stated that he is “proud of the enormous dedication shown by CaixaBank employees. Every single person who works at this bank knows that it is different, that it is closer than any other to the most difficult social situations, helping and accompanying those most in need all year-round. And when employees are offered the chance to extend their support, the response is unanimous and overwhelming”, he maintained.

Furthermore, the Chief Executive Officer, Gonzalo Gortázar, highlighted CaixaBank's “major commitment” to the socioeconomic development of the territories in which the bank operates. “We are not unmoved by social difficulties, poverty and inequality. Our tradition and the legacy bequeathed to us compel us to directly address these extremely harsh realities and work to alleviate them, driving financial inclusion, growth and wealth creation throughout all the layers of the bank”.

Long-lasting collaboration

Thanks to its territorial capillarity, the CaixaBank branch network can support the “la Caixa” Banking Foundation in its social work, detecting local needs and channelling a part of its social investment. The collaboration between both institutions enables thousands of social foundations and associations to access the “la Caixa” Banking Foundation grants every year and, similarly, obtain selfless, voluntary collaboration from the employees of both entities. Last year 43.6 million euros were allotted to support local social projects, small-scale actions leaving a deep-rooted impact in the territories in which the financial institution operates.

In 2018, almost 9,500 companies throughout Spain (more than 11,500 projects) received a boost thanks to the commitment of CaixaBank branches to the social fabric of their surrounding environment and to the budget allotted by the “la Caixa” Banking Foundation for these initiatives.

More than 3,000 activities in Social Week

The 3,000 activities are taking place throughout all of Spain's provinces, including Ceuta and Melilla, covering a wide range of subject matters and actions. For example, volunteers can provide schooling support to children at risk of social exclusion, accompany groups of elderly people to carry out leisure activities, share training workshops with people with a disability, and carry out environmental activities such as replanting a burnt area of forest, etc.

Throughout Social Week, the people involved will be able to share their experiences and follow other publications using the hashtag #SerVoluntarioSuma and #VoluntariosLaCaixa.

CaixaBank, a benchmark in socially responsible banking

CaixaBank is a bank with a deeply social vocation. As a result of the legacy bequeathed to it, the bank upholds an attitude of serving society and its customers. That is why it is committed to financial inclusion and is the only bank which can be found in all towns and cities with more than 10,000 inhabitants and in 94% of those with more than 5,000. It is also the only bank that offers microloans to people with no guarantees or sureties, through MicroBank, to help them drive their personal and professional projects. It maintains a commitment to financial culture through various initiatives, to help people to make better decisions to manage their finances. And almost half of its workforce takes part in voluntary work, either in Social Week promoted by the bank or through membership with the “la Caixa” Volunteer Association all year-round. 

CaixaBank stands out due to its responsible actions and this is acknowledged by the main international organisations. The worldwide Dow Jones Sustainability Index rates it among the world's top sixteen banks and among the top four European banks in terms of corporate responsibility. Similarly, the international organisation CDP acknowledges CaixaBank as the leading bank in the struggle against climate change.

CaixaBank, within its new 2019-2021 Strategic Plan, seeks to be a leading and innovative financial group with the best customer service, while being a benchmark for socially responsible banking. To do so, it is developing a plan that has five priority lines of action: integrity, transparency and diversity, strengthening its responsible activity; governance, maintaining the best possible model of governance; environment, collaborating in the struggle against climate change; financial inclusion, inspiration from the bank's foundation; and, lastly, social action and voluntary work, to contribute to responding to the issues of those most in need.

This plan strengthens CaixaBank's different way of banking, a model based on closeness and commitment to its customers, shareholders, employees, suppliers and the wider society.

]]>
More than 11,700 employees from CaixaBank, the “la Caixa” Banking Foundation and its group (more than a third of the total), have undertaken to participate in a week of voluntary work activities, in social entities throughout Spain. On this occasion, more than 1,350 customers have also joined them to gain a greater understanding and become involved in many of the social projects that the Banking Foundation and CaixaBank help to make possible.

From 30 March to 7 April, employees and customers can take part in more than 3,000 activities, run by 1,500 different social entities spread throughout Spain, to carry out voluntary social work.

The teams from the CaixaBank International department located in eighteen different countries where the company has branches are also taking part. Specifically, 150 voluntary work posts have been made available in China, India, Brazil, Italy, Peru, Singapore, Germany, France, Poland, the United States and Morocco.

The Chairman of CaixaBank, Jordi Gual, stated that he is “proud of the enormous dedication shown by CaixaBank employees. Every single person who works at this bank knows that it is different, that it is closer than any other to the most difficult social situations, helping and accompanying those most in need all year-round. And when employees are offered the chance to extend their support, the response is unanimous and overwhelming”, he maintained.

Furthermore, the Chief Executive Officer, Gonzalo Gortázar, highlighted CaixaBank's “major commitment” to the socioeconomic development of the territories in which the bank operates. “We are not unmoved by social difficulties, poverty and inequality. Our tradition and the legacy bequeathed to us compel us to directly address these extremely harsh realities and work to alleviate them, driving financial inclusion, growth and wealth creation throughout all the layers of the bank”.

Long-lasting collaboration

Thanks to its territorial capillarity, the CaixaBank branch network can support the “la Caixa” Banking Foundation in its social work, detecting local needs and channelling a part of its social investment. The collaboration between both institutions enables thousands of social foundations and associations to access the “la Caixa” Banking Foundation grants every year and, similarly, obtain selfless, voluntary collaboration from the employees of both entities. Last year 43.6 million euros were allotted to support local social projects, small-scale actions leaving a deep-rooted impact in the territories in which the financial institution operates.

In 2018, almost 9,500 companies throughout Spain (more than 11,500 projects) received a boost thanks to the commitment of CaixaBank branches to the social fabric of their surrounding environment and to the budget allotted by the “la Caixa” Banking Foundation for these initiatives.

More than 3,000 activities in Social Week

The 3,000 activities are taking place throughout all of Spain's provinces, including Ceuta and Melilla, covering a wide range of subject matters and actions. For example, volunteers can provide schooling support to children at risk of social exclusion, accompany groups of elderly people to carry out leisure activities, share training workshops with people with a disability, and carry out environmental activities such as replanting a burnt area of forest, etc.

Throughout Social Week, the people involved will be able to share their experiences and follow other publications using the hashtag #SerVoluntarioSuma and #VoluntariosLaCaixa.

CaixaBank, a benchmark in socially responsible banking

CaixaBank is a bank with a deeply social vocation. As a result of the legacy bequeathed to it, the bank upholds an attitude of serving society and its customers. That is why it is committed to financial inclusion and is the only bank which can be found in all towns and cities with more than 10,000 inhabitants and in 94% of those with more than 5,000. It is also the only bank that offers microloans to people with no guarantees or sureties, through MicroBank, to help them drive their personal and professional projects. It maintains a commitment to financial culture through various initiatives, to help people to make better decisions to manage their finances. And almost half of its workforce takes part in voluntary work, either in Social Week promoted by the bank or through membership with the “la Caixa” Volunteer Association all year-round. 

CaixaBank stands out due to its responsible actions and this is acknowledged by the main international organisations. The worldwide Dow Jones Sustainability Index rates it among the world's top sixteen banks and among the top four European banks in terms of corporate responsibility. Similarly, the international organisation CDP acknowledges CaixaBank as the leading bank in the struggle against climate change.

CaixaBank, within its new 2019-2021 Strategic Plan, seeks to be a leading and innovative financial group with the best customer service, while being a benchmark for socially responsible banking. To do so, it is developing a plan that has five priority lines of action: integrity, transparency and diversity, strengthening its responsible activity; governance, maintaining the best possible model of governance; environment, collaborating in the struggle against climate change; financial inclusion, inspiration from the bank's foundation; and, lastly, social action and voluntary work, to contribute to responding to the issues of those most in need.

This plan strengthens CaixaBank's different way of banking, a model based on closeness and commitment to its customers, shareholders, employees, suppliers and the wider society.

]]>
0
<![CDATA[CaixaBank prepares a guide to growth on the African continent in collaboration with business experts and Spanish companies in Morocco]]> https://blog.caixabank.es/?p=23645 2019-04-02T00:00:00.0Z 2019-04-02T00:00:00.0Z <![CDATA[CaixaBank prepares a guide to growth on the African continent in collaboration with business experts and Spanish companies in Morocco]]> CaixaBank has gathered representatives from Spanish companies operating in Morocco along with a panel of experts on the African continent in a new edition of its debate forum “Le Cercle” in Casablanca.

The conclusions of the event, held under the title “Morocco, a gateway to Africa for companies”, will serve to draw up a brief guide on the best practices for companies that are considering entering Africa or those who want to grow on the African continent.

The event focused on a roundtable debate in which the Spanish executives were able to gain first-hand knowledge of the points of view of people, companies and expert institutions on the matter regarding business and culture in Africa, as well as their vision of Morocco as a gateway for international companies on the continent. The debate also assessed the best way to invest in the region, the most active sectors, and the advantages of obtaining the best advisory and consultancy in the process.  

Following the debates, Ignacio Pino, CaixaBank's country manager in Morocco, advised companies to seek the best advice given that there are culture gaps that can generate barriers to our understanding of one another: “One example is the value of time: whereas for a Westerner, time is an objective concept that measures the space between the beginning and the end of an activity; for the Arab businessman, the measurement of time is subjective and relative. In Morocco, haste kills”.

The panel of experts was formed by Ignacio Pino, CaixaBank's Country Manager in Morocco; Brice Mikponhoue, Country Program Officer at the African Development Bank; Álvaro López Barceló, Economic and Commercial Adviser at the Spanish Embassy in Casablanca; Lamia Merzouki, Deputy General Manager of Casablanca Finance City Authority; Lotfi Lebbar, Head of Investments at the European Bank for Reconstruction and Development; Houda Benghazi, CEO of the Morocco-Spain Council; Yazid Safir, Manager for North Africa at Proparco; Ali Kadiri, Advisor to Dyctis Managing Partner; and David Garay, CEO of Indegate Consulting.

Together, the aforementioned companies represent a range of sectors, including international logistics, chemical product distribution and water treatment, head-hunting, and packaging production, among others.

Morocco, a key country for CaixaBank

This year, CaixaBank is celebrating the tenth anniversary of its banking licence in Morocco. Today is has three branches in the country – Casablanca, Tangier and Agadir – from which it offers foreign trade services, business banking and corporate banking, both to Spanish companies already established in the country or looking to enter the Moroccan market, and to large Moroccan companies and multinationals.

The entity has established itself as a benchmark bank for Spanish companies operating in Morocco. More than 60% of the 800 Spanish companies operating in the country (according to ICEX data) are customers at the CaixaBank branch.

Last year, CaixaBank spearheaded the issuance of guarantees for Spanish companies with projects in the African country, with a market share of 57.7% for this kind of guarantee. Furthermore, in terms of credit cards, Moroccan banks sent 25.6% of these to CaixaBank in Spain in 2018, thus establishing the company as a leader in this market too.

'Le Cercle' discussion forum

As part of its goal to continue establishing itself as the benchmark bank for Spanish companies in Morocco and Africa, CaixaBank has held its debate cycle “Le Cercle” since 2017, the aim of which is to promote interrelations between the business world in Spain and Morocco.

Since then, CaixaBank has held more than a dozen specialised forums with experts on the current situation of business and commerce in these two countries, focused on diverse topics such as legal protection and arbitration, Moroccan currency or taxation in Morocco, and many more.

In 2018, CaixaBank received the 'Africanity Trophy' for this initiative, which offers support to drive commercial development, economic invigoration and wealth generation in Africa.

CaixaBank's international presence

CaixaBank has international branches in Morocco, Poland, the United Kingdom, Germany and France. In total, it has 18 representation branches spread across the 5 continents, from which it offers advice to European multinational enterprises with subsidiaries in Spain, as well as to Spanish companies with projects abroad.

Furthermore, CaixaBank has agreements in place with international banks, making it easier for companies and individuals from any country in the world to engage in international transactions and foreign trade. Conversely, it has a 9.92% stake in the Austrian entity Esrte Bank, and fully owns Portugal's Banco BPI.

]]>
CaixaBank has gathered representatives from Spanish companies operating in Morocco along with a panel of experts on the African continent in a new edition of its debate forum “Le Cercle” in Casablanca.

The conclusions of the event, held under the title “Morocco, a gateway to Africa for companies”, will serve to draw up a brief guide on the best practices for companies that are considering entering Africa or those who want to grow on the African continent.

The event focused on a roundtable debate in which the Spanish executives were able to gain first-hand knowledge of the points of view of people, companies and expert institutions on the matter regarding business and culture in Africa, as well as their vision of Morocco as a gateway for international companies on the continent. The debate also assessed the best way to invest in the region, the most active sectors, and the advantages of obtaining the best advisory and consultancy in the process.  

Following the debates, Ignacio Pino, CaixaBank's country manager in Morocco, advised companies to seek the best advice given that there are culture gaps that can generate barriers to our understanding of one another: “One example is the value of time: whereas for a Westerner, time is an objective concept that measures the space between the beginning and the end of an activity; for the Arab businessman, the measurement of time is subjective and relative. In Morocco, haste kills”.

The panel of experts was formed by Ignacio Pino, CaixaBank's Country Manager in Morocco; Brice Mikponhoue, Country Program Officer at the African Development Bank; Álvaro López Barceló, Economic and Commercial Adviser at the Spanish Embassy in Casablanca; Lamia Merzouki, Deputy General Manager of Casablanca Finance City Authority; Lotfi Lebbar, Head of Investments at the European Bank for Reconstruction and Development; Houda Benghazi, CEO of the Morocco-Spain Council; Yazid Safir, Manager for North Africa at Proparco; Ali Kadiri, Advisor to Dyctis Managing Partner; and David Garay, CEO of Indegate Consulting.

Together, the aforementioned companies represent a range of sectors, including international logistics, chemical product distribution and water treatment, head-hunting, and packaging production, among others.

Morocco, a key country for CaixaBank

This year, CaixaBank is celebrating the tenth anniversary of its banking licence in Morocco. Today is has three branches in the country – Casablanca, Tangier and Agadir – from which it offers foreign trade services, business banking and corporate banking, both to Spanish companies already established in the country or looking to enter the Moroccan market, and to large Moroccan companies and multinationals.

The entity has established itself as a benchmark bank for Spanish companies operating in Morocco. More than 60% of the 800 Spanish companies operating in the country (according to ICEX data) are customers at the CaixaBank branch.

Last year, CaixaBank spearheaded the issuance of guarantees for Spanish companies with projects in the African country, with a market share of 57.7% for this kind of guarantee. Furthermore, in terms of credit cards, Moroccan banks sent 25.6% of these to CaixaBank in Spain in 2018, thus establishing the company as a leader in this market too.

'Le Cercle' discussion forum

As part of its goal to continue establishing itself as the benchmark bank for Spanish companies in Morocco and Africa, CaixaBank has held its debate cycle “Le Cercle” since 2017, the aim of which is to promote interrelations between the business world in Spain and Morocco.

Since then, CaixaBank has held more than a dozen specialised forums with experts on the current situation of business and commerce in these two countries, focused on diverse topics such as legal protection and arbitration, Moroccan currency or taxation in Morocco, and many more.

In 2018, CaixaBank received the 'Africanity Trophy' for this initiative, which offers support to drive commercial development, economic invigoration and wealth generation in Africa.

CaixaBank's international presence

CaixaBank has international branches in Morocco, Poland, the United Kingdom, Germany and France. In total, it has 18 representation branches spread across the 5 continents, from which it offers advice to European multinational enterprises with subsidiaries in Spain, as well as to Spanish companies with projects abroad.

Furthermore, CaixaBank has agreements in place with international banks, making it easier for companies and individuals from any country in the world to engage in international transactions and foreign trade. Conversely, it has a 9.92% stake in the Austrian entity Esrte Bank, and fully owns Portugal's Banco BPI.

]]>
0
<![CDATA[CaixaBank launches \"Ocean\", the first third-party fund platform to offer customised conditions per client]]> https://blog.caixabank.es/?p=23645 2019-03-26T16:00:00.0Z 2019-03-26T16:00:00.0Z <![CDATA[CaixaBank launches \"Ocean\", the first third-party fund platform to offer customised conditions per client]]> CaixaBank, the leading retail bank in Spain, has launched Ocean, the first investment fund platform with customised information and conditions for each client according to their advisory service package. It is currently available for its Private Banking clients ( €500,000+ of assets held in the entity), where it currently has 60,023 clients and manages a total volume of €64.9 billion in assets.

Through a digital interface, clients will be able to select and purchase from over 2,000 funds from more than 140 managers, with a minimum investment of €20,000 in the majority of the available funds. In addition, funds from other Spanish domestic managers will be added gradually to the platform.

Clients can access the Ocean platform through the website or mobile device, where they will find the following tools and services:

  • Fund catalogue with breakdown and detailed analysis of each, including funds from all asset classes and index-linked funds. This information includes several past performance indicators of the funds as well as the Morningstar rating.
  • Searches based on a high number of criteria: a simple search engine that includes the most common criteria such as asset type, country, risk, distribution type, and fund manager, as well as another advanced search engine that allows clients to further customise their searches with nearly 20 filters. In addition, there is also a predictive search by name or ISIN.
  • Request for activation of new funds that are not included in the platform, for investments of over €50,000.
  • Fund comparison tool based on performance indicators and characteristics.

Customisation according to the client’s advisory service package

Currently, the European standard that regulates investment activity (MiFID II) recognises different types of services that a client can receive in terms of investments. For example, on the one hand, the independent advisory services are characterised by an open architecture approach and by the absence of sales commissions for advisers, while on the other hand, non-independent advisory services allow advisers to identify incentives provided that they meet certain conditions. Additionally, clients also can operate of their own accord without assistance from an adviser.

The Ocean platform has been developed to afford the maximum level of transparency regarding the total costs that a client assumes in their fund-managing activities. Upon logging in to Ocean, clients are shown a message with detailed information of the specific service package they are operating under at CaixaBank Private Banking, and the customised pricing conditions set out in their contract: non-advised, advised, or wealth (independent advisory):

Broker clients (non-advised):

For clients who make their own decisions when investing and have not contracted an advisory service, Ocean offers the following advantages: access to the most profitable class for their advisory service package; third-party rebates paid directly back into client accounts, with applicable custodial fee.

Clients receiving non-independent advisory:

For clients who have hired an advisory service, Ocean will allow them to access the least expensive class of funds as per their advisory service package, without having to pay a custodial fee.

Wealth Clients (independent advisory):

For clients that operate under an independent financial advisory service, Ocean offers the following benefits: access to "clean share” classes for which CaixaBank receives no compensation from the fund manager; for operations carried out of the client's own accord, he or she will pay a custodial service fee adapted to his or her specific conditions.

Additionally, clients will have prior access to relevant information about the total commissions of the funds and the incentives that CaixaBank may receive from the fund manager.

Sustainability as a criterion for selecting funds

Ocean will be the first platform in Spain to include information on the sustainability of funds as a selection criterion and will help clients in their decision-making when looking for investment vehicles with Socially Responsible Investment criteria.

To accomplish this, CaixaBank will use the Morningstar globe method, which assigns a score between 1 and 5 globes to each fund on the basis of objective sustainability indicators.

 

]]>
CaixaBank, the leading retail bank in Spain, has launched Ocean, the first investment fund platform with customised information and conditions for each client according to their advisory service package. It is currently available for its Private Banking clients ( €500,000+ of assets held in the entity), where it currently has 60,023 clients and manages a total volume of €64.9 billion in assets.

Through a digital interface, clients will be able to select and purchase from over 2,000 funds from more than 140 managers, with a minimum investment of €20,000 in the majority of the available funds. In addition, funds from other Spanish domestic managers will be added gradually to the platform.

Clients can access the Ocean platform through the website or mobile device, where they will find the following tools and services:

  • Fund catalogue with breakdown and detailed analysis of each, including funds from all asset classes and index-linked funds. This information includes several past performance indicators of the funds as well as the Morningstar rating.
  • Searches based on a high number of criteria: a simple search engine that includes the most common criteria such as asset type, country, risk, distribution type, and fund manager, as well as another advanced search engine that allows clients to further customise their searches with nearly 20 filters. In addition, there is also a predictive search by name or ISIN.
  • Request for activation of new funds that are not included in the platform, for investments of over €50,000.
  • Fund comparison tool based on performance indicators and characteristics.

Customisation according to the client’s advisory service package

Currently, the European standard that regulates investment activity (MiFID II) recognises different types of services that a client can receive in terms of investments. For example, on the one hand, the independent advisory services are characterised by an open architecture approach and by the absence of sales commissions for advisers, while on the other hand, non-independent advisory services allow advisers to identify incentives provided that they meet certain conditions. Additionally, clients also can operate of their own accord without assistance from an adviser.

The Ocean platform has been developed to afford the maximum level of transparency regarding the total costs that a client assumes in their fund-managing activities. Upon logging in to Ocean, clients are shown a message with detailed information of the specific service package they are operating under at CaixaBank Private Banking, and the customised pricing conditions set out in their contract: non-advised, advised, or wealth (independent advisory):

Broker clients (non-advised):

For clients who make their own decisions when investing and have not contracted an advisory service, Ocean offers the following advantages: access to the most profitable class for their advisory service package; third-party rebates paid directly back into client accounts, with applicable custodial fee.

Clients receiving non-independent advisory:

For clients who have hired an advisory service, Ocean will allow them to access the least expensive class of funds as per their advisory service package, without having to pay a custodial fee.

Wealth Clients (independent advisory):

For clients that operate under an independent financial advisory service, Ocean offers the following benefits: access to "clean share” classes for which CaixaBank receives no compensation from the fund manager; for operations carried out of the client's own accord, he or she will pay a custodial service fee adapted to his or her specific conditions.

Additionally, clients will have prior access to relevant information about the total commissions of the funds and the incentives that CaixaBank may receive from the fund manager.

Sustainability as a criterion for selecting funds

Ocean will be the first platform in Spain to include information on the sustainability of funds as a selection criterion and will help clients in their decision-making when looking for investment vehicles with Socially Responsible Investment criteria.

To accomplish this, CaixaBank will use the Morningstar globe method, which assigns a score between 1 and 5 globes to each fund on the basis of objective sustainability indicators.

 

]]>
0
<![CDATA[CaixaBank, named Best Bank in Spain and Best Bank in Western Europe by Global Finance magazine]]> https://blog.caixabank.es/?p=23645 2019-03-21T00:00:00.0Z 2019-03-21T00:00:00.0Z <![CDATA[CaixaBank, named Best Bank in Spain and Best Bank in Western Europe by Global Finance magazine]]> CaixaBank, Spain’s leading retail bank, has been named Best Bank in Spain in 2019 for the fifth consecutive year and Best Bank in Western Europe in 2019 for the first time, in the US magazine Global Finance’s Best Bank Awards.

The jury, made up of the editors of the magazine – who  took into account the views and opinions of corporate executives, bankers, banking consultants and analysts following extensive consultations, as well as the results of a poll carried out among the magazine’s readership–, has chosen CaixaBank after considering many criteria, such as asset growth, profitability, geographic reach, strategic relationships, new business development and product innovation in banks from 150 countries around the world.

CaixaBank has nearly 16 million customers in the Iberian market and more than 5,100 branches. In 2018, the Bank consolidated its leadership in the retail banking market in Spain by improving its market share across most segments, especially its medium and long-term savings products, while achieving a market penetration of 29.3% among retail customers (up 1.1 percentage point).

Meanwhile, the Bank continues to strengthen its leadership in the digital banking market, where it has the largest base of digital customers in Spain: 6 million (57.3% of the Bank’s retail customers in Spain), of which 5.2 million are mobile banking customers.

The Bank is also a pioneer in innovation with many initiatives. In February, CaixaBank became the world's first bank to use facial recognition at its ATMs to withdraw money without the need to use a PIN number.

The Chairman of CaixaBank, Jordi Gual, has expressed that, “This award implies a further acknowledgement of our differential way of doing banking: customer-centric, high quality, and committed to society, with a strong dedication to innovation, even in a difficult environment with negative interest rates and strong competition in the markets”.

Furthermore, Gonzalo Gortázar, the Bank's Chief Executive Officer explains that, “In 2018, CaixaBank has continued to consolidate its leadership in retail banking and digital retail banking in the Iberian market. Our 2019-2021 Strategic Plan, which aims to put technology at the service of customers and employees, and strengthen our socially responsible banking model, will enable us to continue establishing ourselves as a benchmark bank in Spain and in Portugal”.

Joseph D. Giarraputo, publisher and editorial Director of Global Finance, stated that, “What it takes to rank among the world’s best banks is increasingly difficult to deliver. Customer expectations of financial services providers have never been higher – tailored products delivered in real time with complete security. Global Finance’s Best Bank Awards –now in their 26th year- provide a continuity of insight into which financial institutions are innovating and adapting to changing conditions”.

The awards ceremony will take place in Washington in October. The winners of the overall Best Bank in the World will be announced in the summer. In 2018, CaixaBank was named the world's Best Consumer Bank.

Global Finance is a monthly magazine founded in 1987, with headquarters in New York. It has a circulation of 50,050 (audited by BPA) and has readers in 188 countries.

International acknowledgement of CaixaBank

The Global Finance awards follow on from an intense year of acknowledgements of CaixaBank. In 2018, the Bank was named the Bank of the Year in Spain by The Banker magazine, Best Private Bank in Spain by British publication Euromoney, as well as Best Bank in Spain and Best Consumer Bank in the World by US magazine Global Finance.

CaixaBank also received also many awards in the area of digital innovation in 2018, such as Western Europe’s Best Digital Bank in 2018 from Euromoney; Best Private Bank in Europe for its use of technology, from the magazine Professional Wealth Management (Financial Times group); and Best Technology Project in the “Mobile” category as part the of The Banker's Tech Projects Awards for its mobile application CaixaBankNow, among others.

]]>
CaixaBank, Spain’s leading retail bank, has been named Best Bank in Spain in 2019 for the fifth consecutive year and Best Bank in Western Europe in 2019 for the first time, in the US magazine Global Finance’s Best Bank Awards.

The jury, made up of the editors of the magazine – who  took into account the views and opinions of corporate executives, bankers, banking consultants and analysts following extensive consultations, as well as the results of a poll carried out among the magazine’s readership–, has chosen CaixaBank after considering many criteria, such as asset growth, profitability, geographic reach, strategic relationships, new business development and product innovation in banks from 150 countries around the world.

CaixaBank has nearly 16 million customers in the Iberian market and more than 5,100 branches. In 2018, the Bank consolidated its leadership in the retail banking market in Spain by improving its market share across most segments, especially its medium and long-term savings products, while achieving a market penetration of 29.3% among retail customers (up 1.1 percentage point).

Meanwhile, the Bank continues to strengthen its leadership in the digital banking market, where it has the largest base of digital customers in Spain: 6 million (57.3% of the Bank’s retail customers in Spain), of which 5.2 million are mobile banking customers.

The Bank is also a pioneer in innovation with many initiatives. In February, CaixaBank became the world's first bank to use facial recognition at its ATMs to withdraw money without the need to use a PIN number.

The Chairman of CaixaBank, Jordi Gual, has expressed that, “This award implies a further acknowledgement of our differential way of doing banking: customer-centric, high quality, and committed to society, with a strong dedication to innovation, even in a difficult environment with negative interest rates and strong competition in the markets”.

Furthermore, Gonzalo Gortázar, the Bank's Chief Executive Officer explains that, “In 2018, CaixaBank has continued to consolidate its leadership in retail banking and digital retail banking in the Iberian market. Our 2019-2021 Strategic Plan, which aims to put technology at the service of customers and employees, and strengthen our socially responsible banking model, will enable us to continue establishing ourselves as a benchmark bank in Spain and in Portugal”.

Joseph D. Giarraputo, publisher and editorial Director of Global Finance, stated that, “What it takes to rank among the world’s best banks is increasingly difficult to deliver. Customer expectations of financial services providers have never been higher – tailored products delivered in real time with complete security. Global Finance’s Best Bank Awards –now in their 26th year- provide a continuity of insight into which financial institutions are innovating and adapting to changing conditions”.

The awards ceremony will take place in Washington in October. The winners of the overall Best Bank in the World will be announced in the summer. In 2018, CaixaBank was named the world's Best Consumer Bank.

Global Finance is a monthly magazine founded in 1987, with headquarters in New York. It has a circulation of 50,050 (audited by BPA) and has readers in 188 countries.

International acknowledgement of CaixaBank

The Global Finance awards follow on from an intense year of acknowledgements of CaixaBank. In 2018, the Bank was named the Bank of the Year in Spain by The Banker magazine, Best Private Bank in Spain by British publication Euromoney, as well as Best Bank in Spain and Best Consumer Bank in the World by US magazine Global Finance.

CaixaBank also received also many awards in the area of digital innovation in 2018, such as Western Europe’s Best Digital Bank in 2018 from Euromoney; Best Private Bank in Europe for its use of technology, from the magazine Professional Wealth Management (Financial Times group); and Best Technology Project in the “Mobile” category as part the of The Banker's Tech Projects Awards for its mobile application CaixaBankNow, among others.

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<![CDATA[CaixaBank encourages everyone to act in favour of gender equality]]> https://blog.caixabank.es/?p=23645 2019-03-04T00:00:00.0Z 2019-03-04T00:00:00.0Z <![CDATA[CaixaBank encourages everyone to act in favour of gender equality]]>  

The percentage of managerial women in Spanish companies remains at 27% for the second consecutive year, and it has only improved by 5 percentage points since 2011 (Grant Thornton, 2018). Just two out of ten men share 50% of the household chores (CIS social barometer, 2017). 55% of women are undergraduates, but only 12% take degrees in Information and Communications Technologies (Education at a Glance 2017, OECD). The details are overwhelming, thereby it is paramount that public and private institutions implement programmes relating to equality, balance of work and life and shared responsibility in order to reduce the gap between men and women.

At CaixaBank, there is a strong commitment towards these subjects, and it is promoting projects, actions and programmes that encourage equality in all spheres of society. In this vein and under the hashtag #Actuemos, the financial institution kicks off the Equality Week with a calendar of events aimed at encouraging a debate revolving around diversity and gender equality. From 3 to 9 March, a series of talks, activities, debates and round tables have been programmed on gender equality in the cities of Barcelona, Madrid, Seville and Valencia. These focus on spheres relating to shared family responsibilities, sports, business, entrepreneurship, technology and new generations.

#Actuemos will enjoy the presence of inspiring personalities that will give a voice to equality from their own experience, such as the architect Atxu Amann, the artist Yolanda Domínguez, the sociologist Amparo Tomé, the journalist Paloma del Rio and the bloggers Mónica de la Fuente and Joaquim Montaner. In the field of sport personalities like Toña Is (coach of the women's U-17s national team), Elisa Aguilar (former basketball player), Jennifer Pareja (former water polo player) and María Pujol (triathlete) will be present. David Tomas (Cyberclick), Laura Fernández (Allwomen.tech), Gemma AWWZ (Producer and DJ), Amleto Montinari (Fluttr) and Equal Saree will contribute with their point of view as young entrepreneurs. The business sector will be represented by Mónica Rucabado (Vizgar Shoes), Helena Torras (B-wom), Inés Juste (Juste Group), María Gómez del Pozuelo (Womenalia), Jaime Ozores (Odgers Berndtson) and Beatriz Sánchez (La tienda de Valentina), among others.

This initiative falls within the scope of CaixaBank's Wengage programme, which promotes gender equality and boosts the role of women in the company and in wider society The financial institution is working internally to fight against gender inequality, and it is encouraging that we all #Actuemos in this global commitment.

 


CALENDAR

SUNDAY, 3 MARCH

#PORUNMUNDO5050: THE FIRST CHARITY RACE FOR EQUALITY

The first race in which equality is the winner. Race distance of 5 km with 12 symbolic obstacles; open to women and men, both children and adults

Organisers: 50&50 Gender Leadership, Inspiring Girls Foundation, Universidad Europea de Madrid.

Start line: Universidad Europea de Madrid (C/ Tajo s/n, Villaviciosa de Odón, Madrid).

 

MONDAY, 4 MARCH

LIVING AND EDUCATING WITH EQUALITY

TALK

From 18:30 to 19:30 at Store CaixaBank Coliseu (Barcelona).

Participants: Amparo Tomé, Mónica de la Fuente, Joaquim Montaner and Atxu Amann.

SPORT WINS WHEN WE’RE EQUAL

ROUND TABLE

From 18:30 to 19:30 at Store CaixaBank Sierpes (Seville).

Participants: Jennifer Pareja, María Pujol Pérez and Elisa Aguilar.

 

TUESDAY, 5 MARCH

NEW GENERATIONS: EQUALITY AS A PROJECT

ROUND TABLE

From 19:00h to 20:00 at imaginCafé (Barcelona).

Participants: Laura Fernández, Gemma AWWZ, Equal Saree, David Tomas and Amleto Montinari.

 

WEDNESDAY, 6 MARCH

LIVING AND EDUCATING WITH EQUALITY

TALK

From 18:30 to 19:30 at Store CaixaBank Castellana (Madrid).

Participants: Amparo Tomé, Mónica de la Fuente, Joaquim Montaner and Yolanda Domínguez.

SPORT WINS WHEN WE’RE EQUAL

ROUND TABLE

From 18:30 to 19:30 at Store CaixaBank Valencia Gran Via de les Germanies (Valencia).

Participants: Paloma del Río, Jennifer Pareja, Elisa Aguilar and Toña Is.

 

THURSDAY, 7 MARCH

EQUALITY AS BUSINESS CULTURE

ROUND TABLE

From 12:30 to 13:30 at DayOne Madrid (Madrid).

Participants: Jaime Ozores, Helena Torras, Inés Juste, Mónica Rucabado and María Gómez del Pozuelo.

 

FRIDAY, 8 MARCH

EQUALITY AS BUSINESS CULTURE

ROUND TABLE

From 12:30 to 13:30 at DayOne Barcelona (Barcelona).

Participants: Victoria Hernández, Beatriz Sánchez, Mar Alarcón, Gina Tost, Mireia Torres and Camino Quiroga.

 

SATURDAY, 9 MARCH

I GLOBAL MENTORING WALK BARCELONA

During one morning, in a get-together all around the world, and for the first time in Barcelona, thousands of women will walk together promoting female mentoring with the aim of sharing leadership experiences, confidence and aspects of the labour market at the highest level. This walk has a single rallying point: equality.

Start line: CaixaBank (Avda. Diagonal, 621-629)

Finish line: CaixaForum (Avda Francesc Ferrer Guàrdia, 6-8)


 

The benefits of women in leadership positions

Companies with the most women on their management teams were 21% more likely to achieve above-average profitability, compared with those with relatively few women in senior, decision-making roles (McKinsey, 2018). Moreover, if diversity is extended to the cultural sphere, the probability is even higher (33%). The style of female leadership, which follows a more horizontal approach and includes characteristics such as empathy, sensitivity and consensus, is highly recommendable in the increasingly flat and interconnected organisations of today. 39.9% of women in CaixaBank are in managerial positions, which is one of the highest percentages in the sector.

Within this scope, CaixaBank is working on it via the Wengage programme, which includes internal actions aimed at encouraging flexibility and the balance of work and life, training or female mentoring plans, by means of which company executives advise other professionals on their career development. 

Externally, CaixaBank's commitment towards diversity includes promoting debates and public conversation related to diversity (eWoman sessions); organising different awards and acknowledgements for business leadership (Businesswoman Award) and academic excellence (Wonnow Stem Awards); or lines of action linked to sport (sponsoring the women's national basketball team).

CaixaBank is adhered to the United Nations Women’s Empowerment Principles; the Ministry of Health, Social Services and Equality's More women, better companies voluntary agreement to secure a greater percentage of women in executive positions; and the Diversity Charter, to promote equal opportunities and antidiscriminatory measures.

As a result of this commitment, CaixaBank has been presented with the EFR (Family Responsible Company) Certificate by the Masfamilia Foundation and has been worthy of various acknowledgements, such as the 25th anniversary award from the FEDEPE (Spanish Federation of Women Managers, Executives, Professionals and Entrepreneurs).

]]>
 

The percentage of managerial women in Spanish companies remains at 27% for the second consecutive year, and it has only improved by 5 percentage points since 2011 (Grant Thornton, 2018). Just two out of ten men share 50% of the household chores (CIS social barometer, 2017). 55% of women are undergraduates, but only 12% take degrees in Information and Communications Technologies (Education at a Glance 2017, OECD). The details are overwhelming, thereby it is paramount that public and private institutions implement programmes relating to equality, balance of work and life and shared responsibility in order to reduce the gap between men and women.

At CaixaBank, there is a strong commitment towards these subjects, and it is promoting projects, actions and programmes that encourage equality in all spheres of society. In this vein and under the hashtag #Actuemos, the financial institution kicks off the Equality Week with a calendar of events aimed at encouraging a debate revolving around diversity and gender equality. From 3 to 9 March, a series of talks, activities, debates and round tables have been programmed on gender equality in the cities of Barcelona, Madrid, Seville and Valencia. These focus on spheres relating to shared family responsibilities, sports, business, entrepreneurship, technology and new generations.

#Actuemos will enjoy the presence of inspiring personalities that will give a voice to equality from their own experience, such as the architect Atxu Amann, the artist Yolanda Domínguez, the sociologist Amparo Tomé, the journalist Paloma del Rio and the bloggers Mónica de la Fuente and Joaquim Montaner. In the field of sport personalities like Toña Is (coach of the women's U-17s national team), Elisa Aguilar (former basketball player), Jennifer Pareja (former water polo player) and María Pujol (triathlete) will be present. David Tomas (Cyberclick), Laura Fernández (Allwomen.tech), Gemma AWWZ (Producer and DJ), Amleto Montinari (Fluttr) and Equal Saree will contribute with their point of view as young entrepreneurs. The business sector will be represented by Mónica Rucabado (Vizgar Shoes), Helena Torras (B-wom), Inés Juste (Juste Group), María Gómez del Pozuelo (Womenalia), Jaime Ozores (Odgers Berndtson) and Beatriz Sánchez (La tienda de Valentina), among others.

This initiative falls within the scope of CaixaBank's Wengage programme, which promotes gender equality and boosts the role of women in the company and in wider society The financial institution is working internally to fight against gender inequality, and it is encouraging that we all #Actuemos in this global commitment.

 


CALENDAR

SUNDAY, 3 MARCH

#PORUNMUNDO5050: THE FIRST CHARITY RACE FOR EQUALITY

The first race in which equality is the winner. Race distance of 5 km with 12 symbolic obstacles; open to women and men, both children and adults

Organisers: 50&50 Gender Leadership, Inspiring Girls Foundation, Universidad Europea de Madrid.

Start line: Universidad Europea de Madrid (C/ Tajo s/n, Villaviciosa de Odón, Madrid).

 

MONDAY, 4 MARCH

LIVING AND EDUCATING WITH EQUALITY

TALK

From 18:30 to 19:30 at Store CaixaBank Coliseu (Barcelona).

Participants: Amparo Tomé, Mónica de la Fuente, Joaquim Montaner and Atxu Amann.

SPORT WINS WHEN WE’RE EQUAL

ROUND TABLE

From 18:30 to 19:30 at Store CaixaBank Sierpes (Seville).

Participants: Jennifer Pareja, María Pujol Pérez and Elisa Aguilar.

 

TUESDAY, 5 MARCH

NEW GENERATIONS: EQUALITY AS A PROJECT

ROUND TABLE

From 19:00h to 20:00 at imaginCafé (Barcelona).

Participants: Laura Fernández, Gemma AWWZ, Equal Saree, David Tomas and Amleto Montinari.

 

WEDNESDAY, 6 MARCH

LIVING AND EDUCATING WITH EQUALITY

TALK

From 18:30 to 19:30 at Store CaixaBank Castellana (Madrid).

Participants: Amparo Tomé, Mónica de la Fuente, Joaquim Montaner and Yolanda Domínguez.

SPORT WINS WHEN WE’RE EQUAL

ROUND TABLE

From 18:30 to 19:30 at Store CaixaBank Valencia Gran Via de les Germanies (Valencia).

Participants: Paloma del Río, Jennifer Pareja, Elisa Aguilar and Toña Is.

 

THURSDAY, 7 MARCH

EQUALITY AS BUSINESS CULTURE

ROUND TABLE

From 12:30 to 13:30 at DayOne Madrid (Madrid).

Participants: Jaime Ozores, Helena Torras, Inés Juste, Mónica Rucabado and María Gómez del Pozuelo.

 

FRIDAY, 8 MARCH

EQUALITY AS BUSINESS CULTURE

ROUND TABLE

From 12:30 to 13:30 at DayOne Barcelona (Barcelona).

Participants: Victoria Hernández, Beatriz Sánchez, Mar Alarcón, Gina Tost, Mireia Torres and Camino Quiroga.

 

SATURDAY, 9 MARCH

I GLOBAL MENTORING WALK BARCELONA

During one morning, in a get-together all around the world, and for the first time in Barcelona, thousands of women will walk together promoting female mentoring with the aim of sharing leadership experiences, confidence and aspects of the labour market at the highest level. This walk has a single rallying point: equality.

Start line: CaixaBank (Avda. Diagonal, 621-629)

Finish line: CaixaForum (Avda Francesc Ferrer Guàrdia, 6-8)


 

The benefits of women in leadership positions

Companies with the most women on their management teams were 21% more likely to achieve above-average profitability, compared with those with relatively few women in senior, decision-making roles (McKinsey, 2018). Moreover, if diversity is extended to the cultural sphere, the probability is even higher (33%). The style of female leadership, which follows a more horizontal approach and includes characteristics such as empathy, sensitivity and consensus, is highly recommendable in the increasingly flat and interconnected organisations of today. 39.9% of women in CaixaBank are in managerial positions, which is one of the highest percentages in the sector.

Within this scope, CaixaBank is working on it via the Wengage programme, which includes internal actions aimed at encouraging flexibility and the balance of work and life, training or female mentoring plans, by means of which company executives advise other professionals on their career development. 

Externally, CaixaBank's commitment towards diversity includes promoting debates and public conversation related to diversity (eWoman sessions); organising different awards and acknowledgements for business leadership (Businesswoman Award) and academic excellence (Wonnow Stem Awards); or lines of action linked to sport (sponsoring the women's national basketball team).

CaixaBank is adhered to the United Nations Women’s Empowerment Principles; the Ministry of Health, Social Services and Equality's More women, better companies voluntary agreement to secure a greater percentage of women in executive positions; and the Diversity Charter, to promote equal opportunities and antidiscriminatory measures.

As a result of this commitment, CaixaBank has been presented with the EFR (Family Responsible Company) Certificate by the Masfamilia Foundation and has been worthy of various acknowledgements, such as the 25th anniversary award from the FEDEPE (Spanish Federation of Women Managers, Executives, Professionals and Entrepreneurs).

]]>
0
<![CDATA[CaixaBank launches program of activities at MWC and 4YFN to demonstrate its commitment to the innovation and talent of start-ups]]> https://blog.caixabank.es/?p=23645 2019-02-20T12:00:00.0Z 2019-02-20T12:00:00.0Z <![CDATA[CaixaBank launches program of activities at MWC and 4YFN to demonstrate its commitment to the innovation and talent of start-ups]]>

CaixaBank, in line with its ongoing commitment to innovation and supporting companies with a high growth potential, has launched a full schedule of activities for the 2019 annual edition of Mobile World Congress, held in Barcelona from 25 to 28 February.

The bank will be particularly active at 4YFN, the space that gathers together entrepreneurs and investors, where CaixaBank DayOne, the unit specialised in innovative companies, will have its own space and a broad schedule of activities and services. The bank will also be present in other areas of the MWC.

Below is a summary of CaixaBank's activity at the upcoming major event for global innovation:

CaixaBank DayOne: ongoing assistance for start-ups and scale-ups at 4YFN

Through DayOne, its specialised division for technology and innovation companies and their investors, CaixaBank is participating as a 4YFN silver partner and, as such, it will be one of the most active companies at the MWC space, custom-designed for the entrepreneurial ecosystem.

Specifically, from 25 to 27 February CaixaBank DayOne will offer:

  • A space offering services to start-ups, scale-ups and investors, where CaixaBank's specialists will provide customised advice.
  • “Agora”, a space that replicates the state-of-the-art auditorium of the DayOne centres, and which will host similar conferences and meetings to those usually held in these areas.
  • Exclusive workrooms for CaixaBank DayOne customers that can be used for their individual meetings during the congress, by appointment made over the internet or during the event.

Comercia Global Payments: the key to new business models

Comercia Global Payments, the joint venture between CaixaBank and the technological multinational Global Payments, specialised in payment services for stores, will also take part in 4YFN, where it will set out the key ways to monetise new business models. It will do so with real examples from newly founded companies, who will explain their experiences with the payment solutions offered by the bank.

These sessions will be held on Tuesday 26 February in the CaixaBank DayOne “Ágora” room at 4YFN at 16:30.

International presentation of the CaixaBank ATMs with facial recognition

CaixaBank will present its latest innovation at MWC 2019: ATMs that use facial recognition to allow customer withdrawals without entering a PIN. The bank's managers, together with representatives of Fujitsu and Facephi, CaixaBank's partners in the project, will give a conference presenting the successful collaboration between the bank and the two technology companies.

It will be held on Monday 25 February, at 13:30, at the Mobile World Capital stand at 4YFN.

Digital Future Society Summit: the ethics of data

On the Sunday prior to MWC, a session will be held on the ethics of data during the Digital Future Society Summit; a forum where experts, employers and civic leaders will explore how we can build a more equitable, sustainable and inclusive future in the digital age.

Pere Nebot, CaixaBank's Chief Information Officer, will take part in the conference, to be held at the Palau de Congressos on 24 February at 11:50, setting out the bank's good practice in personal data management.

Start4big: an alliance of big businesses to attract the talent of start-ups

Start4big is the first European initiative fostered by five large companies (CaixaBank, Aigües de Barcelona, Naturgy, SEAT and Telefónica), the purpose of which is to increase innovation and strengthen the national and international entrepreneurial network. It is a digital, open and multi-sector project created to attract both national and international start-ups that develop disruptive solutions and overcome various challenges in order to improve their consumers' experience and, in general, facilitate people's daily activities.

The representatives of each company taking part in this initiative will present the project on Monday 25 February at 17:30 at the Mobile World Capital stand, and on Tuesday 26 at 10:00 at the CaixaBank DayOne room.

Payment Innovation Hub: the power of collaboration to innovate

The Payment Innovation Hub is Spain's first innovation centre specialising in commerce and payment methods, promoted by CaixaBank, Global Payments, Samsung, Visa and Arval. Representatives of the companies promoting the hub will set out the lines of research and the R&D&I projects they are working on.

This session will be held on Wednesday 27 February at the 4YFN Garden Auditorium at noon.

Building innovation: vision of the new agents investing in the start-up ecosystem

Speeches organised in collaboration with the Spanish Capital, Growth and Investment Association (ASCRI), the Spanish Business Angels Association (AEBAN), the Spain Export and Investment ICEX and the Spanish Managers Association (AED) will also be held in the CaixaBank DayOne room. A debate will be held on the role of local and international investors in the construction of global champions on Tuesday 26 February at 11:45, which will feature speeches from representatives of Glovo and 21 Buttons, among others. New ways of investing in early-stage startups will also be analysed.

]]>

CaixaBank, in line with its ongoing commitment to innovation and supporting companies with a high growth potential, has launched a full schedule of activities for the 2019 annual edition of Mobile World Congress, held in Barcelona from 25 to 28 February.

The bank will be particularly active at 4YFN, the space that gathers together entrepreneurs and investors, where CaixaBank DayOne, the unit specialised in innovative companies, will have its own space and a broad schedule of activities and services. The bank will also be present in other areas of the MWC.

Below is a summary of CaixaBank's activity at the upcoming major event for global innovation:

CaixaBank DayOne: ongoing assistance for start-ups and scale-ups at 4YFN

Through DayOne, its specialised division for technology and innovation companies and their investors, CaixaBank is participating as a 4YFN silver partner and, as such, it will be one of the most active companies at the MWC space, custom-designed for the entrepreneurial ecosystem.

Specifically, from 25 to 27 February CaixaBank DayOne will offer:

  • A space offering services to start-ups, scale-ups and investors, where CaixaBank's specialists will provide customised advice.
  • “Agora”, a space that replicates the state-of-the-art auditorium of the DayOne centres, and which will host similar conferences and meetings to those usually held in these areas.
  • Exclusive workrooms for CaixaBank DayOne customers that can be used for their individual meetings during the congress, by appointment made over the internet or during the event.

Comercia Global Payments: the key to new business models

Comercia Global Payments, the joint venture between CaixaBank and the technological multinational Global Payments, specialised in payment services for stores, will also take part in 4YFN, where it will set out the key ways to monetise new business models. It will do so with real examples from newly founded companies, who will explain their experiences with the payment solutions offered by the bank.

These sessions will be held on Tuesday 26 February in the CaixaBank DayOne “Ágora” room at 4YFN at 16:30.

International presentation of the CaixaBank ATMs with facial recognition

CaixaBank will present its latest innovation at MWC 2019: ATMs that use facial recognition to allow customer withdrawals without entering a PIN. The bank's managers, together with representatives of Fujitsu and Facephi, CaixaBank's partners in the project, will give a conference presenting the successful collaboration between the bank and the two technology companies.

It will be held on Monday 25 February, at 13:30, at the Mobile World Capital stand at 4YFN.

Digital Future Society Summit: the ethics of data

On the Sunday prior to MWC, a session will be held on the ethics of data during the Digital Future Society Summit; a forum where experts, employers and civic leaders will explore how we can build a more equitable, sustainable and inclusive future in the digital age.

Pere Nebot, CaixaBank's Chief Information Officer, will take part in the conference, to be held at the Palau de Congressos on 24 February at 11:50, setting out the bank's good practice in personal data management.

Start4big: an alliance of big businesses to attract the talent of start-ups

Start4big is the first European initiative fostered by five large companies (CaixaBank, Aigües de Barcelona, Naturgy, SEAT and Telefónica), the purpose of which is to increase innovation and strengthen the national and international entrepreneurial network. It is a digital, open and multi-sector project created to attract both national and international start-ups that develop disruptive solutions and overcome various challenges in order to improve their consumers' experience and, in general, facilitate people's daily activities.

The representatives of each company taking part in this initiative will present the project on Monday 25 February at 17:30 at the Mobile World Capital stand, and on Tuesday 26 at 10:00 at the CaixaBank DayOne room.

Payment Innovation Hub: the power of collaboration to innovate

The Payment Innovation Hub is Spain's first innovation centre specialising in commerce and payment methods, promoted by CaixaBank, Global Payments, Samsung, Visa and Arval. Representatives of the companies promoting the hub will set out the lines of research and the R&D&I projects they are working on.

This session will be held on Wednesday 27 February at the 4YFN Garden Auditorium at noon.

Building innovation: vision of the new agents investing in the start-up ecosystem

Speeches organised in collaboration with the Spanish Capital, Growth and Investment Association (ASCRI), the Spanish Business Angels Association (AEBAN), the Spain Export and Investment ICEX and the Spanish Managers Association (AED) will also be held in the CaixaBank DayOne room. A debate will be held on the role of local and international investors in the construction of global champions on Tuesday 26 February at 11:45, which will feature speeches from representatives of Glovo and 21 Buttons, among others. New ways of investing in early-stage startups will also be analysed.

]]>
0