CaixaBank, the leading bank in Spain by market share, has opened a representative branch in Johannesburg (South Africa), from which it will provide specialised consultancy services and financial solutions to Spanish companies with interests in the southern Africa region.. CaixaBank is the first Spanish bank to establish itself in the country.
The new Johannesburg representative branch, which has been operational since the start of the year, means CaixaBank will be able to help clients establish business operations in South Africa and neighbouring countries. The bank, under the direction of Chairman Isidro Fainé and CEO Gonzalo Gortázar, has thus consolidated its position as the foremost Spanish financial institution in Africa for Spanish firms.
CaixaBank is the market leader in foreign trade consultancy services for Spanish companies, offering financial solutions for export and import operations, as well as a network of overseas branches to ensure that customers benefit from full support in every stage of their international projects.
Renewable energy and mining
South Africa, with a population of 54.6 million, is one of the strongest economies on the African continent. Some 100 Spanish firms have permanent operations in the country. More than 50% of these companies operate in the renewable energy industry.
This new branch sees CaixaBank further establish itself as facilitator for Spanish businesses around the world through its 19 international branches and partnerships covering more than 50 countries worldwide. The bank is a market leader in the issue of guarantees, documentary credits and import letters of credit.
CaixaBank already operates in North Africa, with two transactional branches in Morocco (Casablanca and Tangier) and a representative branch in Egypt (Cairo). Another representative branch is also due to be opened in Algeria.
Outside of Africa the bank has representative branches in Paris (France), Milan (Italy), Frankfurt (Germany), Istanbul (Turkey), Beijing and Shanghai (China), Dubai (United Arab Emirates), New Delhi (India), Singapore, New York (United States), Bogota (Colombia) and Santiago de Chile (Chile). Furthermore, CaixaBank has proprietary branches in London (United Kingdom) and Warsaw (Poland) and holds agreements with more than 2,500 international banks to help support firms and individuals in their international and foreign trade operations anywhere in the world.
