CaixaBank acknowledged as a leading provider of support to foreign trade in emerging countries

• The International Finance Corporation (IFC), a member of the World Bank Group, has acknowledged CaixaBank’s support for the internationalisation of businesses in emerging countries, under the framework of the Global Trade Finance Program (GTFP).
• During 2017, CaixaBank partnered with the IFC in 19 developing countries.

CaixaBank has been named the “Best Confirming-Bank Partner for Financing in Emerging Markets 2017” by the International Finance Corporation (IFC), a member of the World Bank Group, as part of the Global Trade Finance Program (GTFP).

For the first time, the IFC, the largest global development institution focused exclusively on the private sector in developing countries, has recognised CaixaBank’s support for the internationalisation of businesses in emerging countries. In 2017, it partnered with the IFC in a total of 19 developing countries around the world.

CaixaBank, presided over by Chairman Jordi Gual and CEO Gonzalo Gortázar, supported business finance both in countries where it has representative offices and branches, as well as in regions where it has no on-the-ground presence. The 19 countries where CaixaBank partnered with IFC in 2017 include Turkey (Istanbul), South Africa (Johannesburg), Brazil (São Paulo) and Egypt (Cairo), where the bank has representative offices. 

For CaixaBank, being named “Best Confirming-Bank Partner for Financing in Emerging Markets 2017” represents acknowledgement of the more than 10-years it has worked to support the IFC’s GTFP program. This accolade sees the World Bank Group single out CaixaBank as one of the most active members of the finance program, as well as applauding its efforts to drive foreign trade in emerging countries during 2017.

Under the Global Trade Finance Program, banks in emerging countries establish trade partnerships with numerous international banks, which then fund commercial operations between private sector companies

 CaixaBank’s international presence

CaixaBank currently has an international network comprised of 26 operating branches and representative offices in 18 countries.

It also has representative offices in Paris (France), Milan (Italy), Istanbul (Turkey), Beijing, Shanghai and Hong Kong (China), Dubai (United Arab Emirates), New Delhi (India), Cairo (Egypt), Santiago de Chile (Chile), Bogota (Colombia), New York (USA), Singapore, Johannesburg (South Africa), Sao Paulo (Brazil), Algiers (Algeria) and Lima (Peru).

The bank likewise operates international branches in Warsaw (Poland), Casablanca, Tangier and Agadir (Morocco), London (United Kingdom) and Frankfurt (Germany). CaixaBank holds agreements with international banks to support companies and individuals as they embark on overseas operations and foreign trade all over the world.

CaixaBank has equity investments in financial institutions in a number of countries, with which it runs partnership strategies. The bank controls 94% of Banco BPI and 9.92% of the Austrian operator Erste Bank.

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with more than 2,000 businesses worldwide, we use our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In FY17, we delivered a record $19.3 billion in long-term financing for developing countries, leveraging the power of the private sector to help end poverty and boost shared prosperity. For more information, visit www.ifc.org