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CECA today held its 111th General Assembly, chaired by Isidro Fainé. The highest representatives of the banks, savings banks and foundations associated with CECA attended the act. In terms of deposits, the 10 groups of credit institutions represented by CECA add up to 39 per cent of the Spanish financial system. Moreover, CECA’s present members include 14 banking foundations and 15 ordinary ones.
The average return on equity (ROE) in September 2017 stands at 6.4%, the same level reached a year ago, since the result's growth is accompanied by strengthened year-on-year average equity of 3%.
The increase in recurring income, understood as the net interest and commission income, has been the key factor boosting the result.
Sector solvency continues to be increasingly stalwart, reaching a total solvency ratio of 15.6% in September 2017, 7 tenths of a percent more than a year ago.
III Financial Meeting, Andrea Enria, AEB Chairperson - 14 January 2015
Financial Education Day will be held in Spain on 2 October, for the third consecutive year, with different activities programmed throughout the country, organised within the framework of the Financial Education Plan 2013-2017, in which CECA, together with its member institutions, participates as a collaborating institution.
The President of CECA and of the "la Caixa" Banking Foundation has been elected President at the WSBI Assembly which took place in New Delhi today.
His three-year term follows that of German Heinrich Haasis, who has been named Honorary President of WSBI after six years at the helm of the organisation.