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Mónica Malo Serisa

Communication and External Relations

Margarita Castañeda Taladriz

Communication and Brand

CECA in the media

The Spanish financial system, the most efficient in Europe. Luis Teijeiro Pita Da Veiga, CECA Regulation and Studies Manager

The Spanish financial system, the most efficient in Europe. Luis Teijeiro Pita Da Veiga, CECA Regulation and Studies Manager

Published in Expansión on 03/12/16

The European Banking Authority publishes the results of its European banking transparency exercise corresponding to 2016. It objective is to carry out a review of the health of the participating institutions and provide information to the market regarding their financial situation.

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The best community projects of the year

The best community projects of the year

Published in Expansión on 25/11/16

The companies that emerged from former savings banks set aside 717.3 million euros for community projects in 2015, 1% more than a year previously. Every year for the last 13 years Actualidad Económica has recognised this tremendous work with the awarding of prizes for the best community and financial education projects, which are carried out together with CECA.

Picture gallery

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Social Programmes and Financial Education special

Social Programmes and Financial Education special

Published in Actualidad Económica on 22/11/16

Actualidad Económica identifies the most outstanding initiatives carried out by the companies that emerged from former savings banks in the categories of social action, training, local development, the promotion of job creation, financial education, culture, environment and sport.

In 2015, the programmes of these institutions were funded to the tune of 717.3 million euros, 1% more than in 2014, which shows how the trend has changed after the crisis.

 

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European banking warns that 0 interest rates are disrupting the sector

European banking warns that 0 interest rates are disrupting the sector

Published in Cinco Días on 18/11/16

European retail banking warns the ECB of the negative impact sustained low interest rates are starting to have on the financial sector and clients. They have also criticised increased 'overregulation'.

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World Savings Day: Story of a commemoration

World Savings Day: Story of a commemoration

Published in El Mundo on 31/10/16

In our country, CECA, which represents 38% of the Spanish financial system, has been in close contact with ISBI from its founding in 1928 and is currently a WSBI member. «Raising public awareness on the importance of saving both in terms of the growth of economies as well as personal well-being is the objective of the meeting», stated those responsible for the national organisation.

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Spanish and German savings banks, with SMEs

Spanish and German savings banks, with SMEs

Published in Cinco Días on 06/06/16

The Spanish and German associations of savings banks, CECA and DGSV, have met with the association of small businesses (Cepyme) and the Spanish Banking Association (AEB) to discuss the role of the credit institutions in the financing of SMEs in Europe.

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The savings banks' Social Programmes recover for first time in seven years

The savings banks' Social Programmes recover for first time in seven years

Published in Expansión on 11/05/16

The Social Programmes of former savings banks grew last year for the first time since 2008. In 2015 they allocated an overall amount of 717.3 million euros, 1.05% more than the previous year, which means a rise in investment that has not been seen since 2008. This positive evolution is explained by the improvement that the economy has experienced, the progressive diversification of companies' income sources, and the plans implemented to improve the efficiency of their structures.

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Savings banks increase investment in social programmes for the first time in the crisis

Savings banks increase investment in social programmes for the first time in the crisis

Published in ABC on 10/05/16

Last year, former savings banks increased their investment in social programmes for the first time since the beginning of the crisis. In 2015, the country's banking foundations and savings banks spent a total of 717.385 million euros on programmes of this kind, 1.05% more than in the previous year, according to the "2015 Social Programmes Report" by the Spanish Confederation of Savings Banks (CECA), which ABC has been able to access.

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Companies demand regulatory certainty

Companies demand regulatory certainty

Published in ABC on 21/04/16

Banks request that the regulatory framework be finalised immediately, and demand equality of rules for digital operators.

The banking sector faces the great challenge of improving its profitability in an environment in which low interest rates and competition from new digital operators reduce its income. That is why one of the complaints heard most often by the bankers during the financial meeting was that, to make matters worse, there is now a regulatory uncertainty which discourages banks from giving credit.

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The distinguishing characteristics of the financial sector – Isidro Fainé-Chairman of CECA

The distinguishing characteristics of the financial sector – Isidro Fainé-Chairman of CECA

Published in Expansión on 07/04/16

After a long period of crisis, the restructuring of the financial sector and the new regulatory requirements have strengthened the position of our companies, which now enjoy healthier balance sheets, solid liquidity and solvency ratios and a greater capacity for resistance when dealing with potential risks
. However, the banking sector that emerges after the financial crisis faces some decisive factors that did not exist in the previous period, which force us to reflect on the current business model's adaptation to this new environment.

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Fainé will be more dedicated to CECA in his second mandate

Fainé will be more dedicated to CECA in his second mandate

Published in The Economist on 07/04/16

Fainé, was nominated to be chairman of CECA, although in the board meeting prior to the general meeting, held on 22 March, the function of the association and the role that its chairman should take on were discussed. According to sources close to the associated companies, those discussions included the idea that the chairman should be more involved in the board and that the issues that are to be discussed at its meetings should be included on the agenda with the due notice, so that it is made more participatory

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Profitability, digitisation, reputation – José María Méndez

Profitability, digitisation, reputation – José María Méndez

Published in El País on 31/03/16

The intense transformation experienced by the Spanish banking sector can be summed up in three key points: greater capitalisation (the average in the CECA sector at the close of 2015 is 12.86%); greater consolidation (savings banks and banks created by them have tripled their average size since 2008); and installed capacity (as the number of offices is reduced by almost 40% and the number of employees is reduced by 36%). These details highlight the intense preparation by the Spanish banking system in response to the challenge represented by the European Banking Union (unlike the financial systems of some other countries in our region, which can in no way boast the transformation and stabilisation effort made by ours).

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Fainé: “It is necessary to act upon the reforms in order to be competitive”

Fainé: “It is necessary to act upon the reforms in order to be competitive”

Published in Expansión on 23/03/16

The European Central Bank (ECB) has implemented the necessary measures so that liquidity has ceased to be a problem for the banking sector. However, it has also created a difficult environment for making business profitable. In this regard, yesterday Isidro Fainé, the chairman CaixaBank and CECA, warned, during the 109th General Meeting of the association, that “the banking sector needs to move ahead with the reforms to guarantee its competitiveness and face the challenge of profitability, its main challenge in the current environment of low interest rates and greater capital requirements".

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Fainé asks the banking sector “to move ahead with the reforms" in order to be profitable

Fainé asks the banking sector “to move ahead with the reforms" in order to be profitable

Published in Cinco Días on 23/03/16

The chairman of CECA and, in turn, Caixabank yesterday complained to the former savings banks – Abanca Corporación Bancaria, Bankia, BMN, CaixaBank, Caixa Ontinyent, Caixa Pollença, Ibercaja Banco, Kutxabank, Liberbank and Unicaja Banco – about the need “to move ahead with the reforms to guarantee their competitiveness and to face the challenge of profitability, their main challenge in the current environment of low interest rates and greater capital requirements". The 10 companies associated with CECA, which have a market share of 43%, earned 2,950 million in 2015, 16.8% less, although gross profit improved by 10.7%.

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The balance between reformism and stability José María Méndez, CECA's CEO

The balance between reformism and stability José María Méndez, CECA's CEO

Published in El Nuevo Lunes on 22/02/16

“Companies have established the objective of returning to reasonable levels of profitability and, in order to achieve this, the regulatory framework must be stabilised”

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Isidro Fainé, re-elected as the head of the CECA for another six years

Isidro Fainé, re-elected as the head of the CECA for another six years

Published in The Economist on 19/02/16

Isidro Fainé, Caixabank's chairman, has been re-elected unanimously by CECA's board of directors to lead this association for another six years. This decision will be ratified at the general meeting on 22 March.

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Social Programmes In spite of everything

Social Programmes In spite of everything

Published in Actualidad Económica on 23/12/15

For the twelfth year in a row, Actualidad Económica recognises the philanthropic work of savings banks, which have been able to navigate the crisis with imagination and efficiency in order to continue fulfilling their founding objective, which consists of promoting social inclusion

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CECA applauds the new regulations

CECA applauds the new regulations

Published in Expansión on 21/11/15

Yesterday Ceca, the association of savings banks, expressed its positive assessment of the fact that banking foundations already “have a stable regulatory framework in order to face the challenges of the current economic and financial environment”, after the circular approved by the Bank of Spain (Banco de España) this same week.

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The EBA foresees a process of cross-border mergers

The EBA foresees a process of cross-border mergers

Published in Cinco Días on 22/10/15

“All crises produce excess capacity, and not only in the financial sector, but all sectors. We have seen changes of management with the restructuring. The problem is that lenders are in a lot of debt, so the restructuring needs to continue, perhaps by means of mergers. Of course, I believe that there will be more cross-border mergers”, the chairman of the EBA added.

Enria explained, in an interview published in the CECA Ahorro magazine, in which, when asked by the Spanish banks, he assured that it is “unquestionable” that they have suffered a “very strong" restructuring and that they have very good levels of capital

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Fainé asks that digitisation be taken advantage of in banking

Fainé asks that digitisation be taken advantage of in banking

Published in El País on 26/09/15

Digitisation will transform the banking system. That is the message that was launched yesterday in Washington by the chairman of Caixabank, Isidro Fainé, at the Congress of the World Savings and Retail Banking Institute (WSBI), focusing on adjustment to the digital age. Fainé participated in the event as a vice-chair of the WSBI, and chairman of the European Savings and Retail Banking Group, and of CECA.

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Fainé urges the banking sector to reduce costs in order to recover profitability

Fainé urges the banking sector to reduce costs in order to recover profitability

Published in ABC on 26/09/15

Having completed the deep stabilisation and recapitalisation process, the banking sector is now putting all its
efforts into its new major challenge: to recover the profitability lost during
the crisis. A challenge that has also arisen in a context in which interest rates are at all-time lows, which makes the generation of revenue problematic. In this regard, the chairman of Caixabank, Isidro Fainé, at a global banking forum in Washington yesterday, urged financial institutions to continue reducing costs.

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Fainé, re-elected vice-chair of the World Savings banks Institute

Fainé, re-elected vice-chair of the World Savings banks Institute

Published in Cinco Días on 26/09/15

The chairman of CaixaBank and the Spanish Confederation of Savings Banks (CECA), Isidro Fainé – on the left, in the image –, was re-elected on Friday as vice-chair of the World Savings and Retail Banking Institute (WSBI), during the organisation's annual congress, focusing on the challenges of digitisation. The meeting in Washington was also attended by the Minister of Economy, Luis de Guindos – centre –, who defended the transformation of Spanish banking before the re-elected chairman of the WSBI, Heinrich Haasis

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Isidro Fainé: “Without confidence, there is no business”

Isidro Fainé: “Without confidence, there is no business”

Published in Expansión on 26/09/15

Retail, regional and responsible. This is how the banking model of the future must be, as the chairman of Caixabank, Isidro Fainé, argued yesterday at an international finance summit held in Washington. In his capacity as chairman of the European Savings and Retail Banking Group (ESBG), the Spanish banker participated in the 24th congress of the World Savings and Retail Banking Institute (WSBI), in which more than 400 senior executives of financial institutions from all over the world, regulators and technology experts participated.

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CECA and the Chamber of Commerce look to provide credit to SMEs

CECA and the Chamber of Commerce look to provide credit to SMEs

Published in The Economist on 03/07/15

CECA and the Spanish Chamber of Commerce signed an agreement yesterday to take various actions with a common purpose: to promote the financing of SMEs and entrepreneurs. CECA, via the Foundation of Savings Banks (Funcas), will promote the carrying out and circulation of studies and research on regional economics and financing for SMEs. The aim, among other factors, is to identify the obstacles that hinder said credit in order to find a way to remove them (…)

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A robust European financial system. Isidro Fainé. CECA Chairman

A robust European financial system. Isidro Fainé. CECA Chairman

Published in El Nuevo Lunes on 21/06/15

“From the group of companies associated with CECA, we try to defend a relational model of banking focusing on the financing of families and SMEs, through the European Savings and Retail Banking Group (ESBG)”.

“Spanish companies have re-orientated their resources towards the internet, increasing the average size of the bank branch and making a clear commitment to new technologies in their relationship with customers” (…)

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Fainé, chairman of the European Savings and Retail Banking Group

Fainé, chairman of the European Savings and Retail Banking Group

Published in The Economist on 12/06/15

Spanish savings banks gain importance and their ability to have an influence in Europe. The chairman of CECA and of Caixabank, Isidro Fainé, has been appointed as most senior figure of the European Savings and Retail Banking Group (ESBG) for a three-year period.

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Isidro Fainé, chairman of the major European association of savings banks

Isidro Fainé, chairman of the major European association of savings banks

Published in Cinco Días on 12/06/15

Isidro Fainé, the chairman of CECA and Caixabank, has been appointed as chairman of the European Savings and Retail Banking Group (ESGB) for a three-year period. The decision was taken at the ESGB's 23rd board of directors' meeting held in Vienna on Friday, and is framed within the meetings for the renewal of the institution's governing bodies, considered in its articles of association.

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CECA draws the new map of foundations in Spain

CECA draws the new map of foundations in Spain

Published in Cinco Días on 04/05/15

Law 26/2013, of 27 December, on Savings Banks and Banking Foundations, entails a radical change to the legal system governing savings banks. Its objective was to restore
these institutions' classic social values and regional roots, and professionalise their management. (...)

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Savings banks and foundations allocate more than 675 million to social programmes in 2014, an increase of 4.3%

Savings banks and foundations allocate more than 675 million to social programmes in 2014, an increase of 4.3%

Published in The Economist on 28/04/15

CECA has drawn up the report entitled The new map of foundations: from savings banks to foundations, presented at the 4th Commission of Foundations and Social Programmes. (...)

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Notice from AEB and CECA: it is necessary to update the National Identity Document (DNI)

Notice from AEB and CECA: it is necessary to update the National Identity Document (DNI)

Published in Cinco Días on 25/03/15

The banking associations AEB and CECA yesterday made a call for clients to contact their financial institutions to update their details and allow their bank to make a digital copy of their identity document. They must do this before 30 April because otherwise the bank will block the account. (…)

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"There is space for integration between eurozone companies"

"There is space for integration between eurozone companies"

Published in ABC on 10/04/15

José Maria Méndez, CECA's CEO, assured that the shake-up of the European financial system has not ended. The executive recalled the importance of the consolidation process experienced in Spain, that transformed the 45 savings banks into 11 banking groups and tripled the average balance sheet (…)

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The Social Programmes of savings banks and their foundations grows by 4.3%

The Social Programmes of savings banks and their foundations grows by 4.3%

Published in The Economist on 21/03/15

Savings banks, banking foundations and other foundations associated with the CECA association allocated more than 675 million euros to social programmes in 2014, 4.3 per cent more with respect to the previous year, according to details published by the sector confederation (…)

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The resources allocated to Social Programmes rise to 675 million

The resources allocated to Social Programmes rise to 675 million

Published in Cinco Días on 18/03/15

The former savings banks and banks created by them just allocated some 675 million euros to social programmes in 2014, a figure slightly higher than the 650 million from one year earlier, but still one of the lowest in the last twenty years.

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The savings bank sector earns 3,700 million, twice as much as in 2013

The savings bank sector earns 3,700 million, twice as much as in 2013

Published in Expansión on 18/03/15

RESULTS The companies associated with Ceca, the Confederation of Savings Banks, earned 3,732 million last year, 111% more than in 2013. It is one of the points that was explained at the institution's General Meeting yesterday, at its 108th edition (…)

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Banking and notaries unite against money laundering

Banking and notaries unite against money laundering

Published in Cinco Días on 20/02/15

The AEB and CECA have signed an agreement with the General Board of Notaries, through which banking organisations, members of these two organisations, will be able to access the board's databases of “beneficial owners" and “family people with public responsibility or people attached to them”.

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The EBA sees an excess capacity in banking that hampers its profitability

The EBA sees an excess capacity in banking that hampers its profitability

Published in The Economist on 15/01/15

The restructuring implemented in European banking has perhaps been spineless in how it penalises the recovery of its profitability. At a meeting organised by the Spanish Banking Association (AEB) and CECA it admitted, as an exception, that in Spain the restructuring has taken place on a "mass" basis. The degree of consolidation is, in fact, one of the most severe (…)

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The EBA warns of sanctions in response to malpractice by banks

The EBA warns of sanctions in response to malpractice by banks

Published in Expansión on 15/01/15

The European Banking Authority (EBA), refuted yesterday most of the complaints that the financial sector has been making for years, as a result of decisions adopted by the financial supervisors to prevent new crises. Its chairperson, Andrea Enria, dismissed (rather, quite the opposite) the notion that the increased capital requirement for banks slows down economic recovery (…)

 

 

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The banks associated with CECA earn 11% more

The banks associated with CECA earn 11% more

Published in Cinco Días on 16/12/14

The companies associated with CECA – banks created by savings banks – registered a profit, attributable to the parent company, of 2,872.5 million euros in first nine months of 2014, 11% more than over the same period in 2013. In a press release, CECA, with Isidro Fainé as chairman, explained that these results are due to recurring income (…)

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The crisis does not slow down the good work

The crisis does not slow down the good work

Published in Actualidad Económica on 01/12/14

Despite the difficulties, former savings banks continue to be committed to social issues, as certified at the awards ceremony organised by Actualidad Económica and CECA, which, starting with this edition, have been enriched with a new award for Financial Education. Fundación Obra Social and Monte de Piedad de Madrid, Unicaja, Ibercaja, Fundación La Caixa, Fundación were some of the winning companies (…)

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Banking presses its clients to comply with the money laundering law

Banking presses its clients to comply with the money laundering law

Published in El Periódico the 24/11/14

CECA, the entity within which some former savings banks are organised, emphasises that "within the framework of the above-mentioned regulations, companies must apply a series of diligence measures with regard to customers, which means that they obtain information on the customer and their transactions, always considering their level of risk or of that of their transaction" (…)

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CECA asks to reduce the foundations' reserve fund

CECA asks to reduce the foundations' reserve fund

Published in Expansión on 19/11/14

The Confederation of Savings Banks (Ceca) submitted statements on the draft circular on savings banks and banking foundations yesterday. The Bank of Spain (Banco de España) released the regulation for consultation at the end of October and yesterday was the deadline for companies to submit their observations. According to sources who know the process, the statements from the sector's association focused on three points. (...)

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AEB and CECA: taxing empty apartments is unconstitutional

AEB and CECA: taxing empty apartments is unconstitutional

Published in Expansión on 03/11/14

The Spanish Banking Association (AEB) and the Spanish Confederation of Savings Banks (Ceca) judge the Catalan tax on empty apartments that is being processed by the Catalan Parliament to be "unconstitutional"; a tax that runs the risk of never seeing the light of day if the regional elections are pushed forwards. (...)

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Social Programmes and Financial Education: Inter-linked commitment

Social Programmes and Financial Education: Inter-linked commitment

Published in Actualidad Económica on 01/11/14

Actualidad Económica awards a prize to the best social action, employment encouragement, local development, financial education, culture, environmental and sports initiatives carried out by the companies that emerged from the former savings banks (…)

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Children improve in terms of financial education when talking about money with their parents

Children improve in terms of financial education when talking about money with their parents

Published in La Vanguardia on 30/10/14

Talking about money with parents is related to better performance by students in financial education, and more if it do almost every day. This is what was today pointed out by Ismael Sanz, the director of the Ministry of Education's National Institute of Educational Assessment (INEE), who participated in the 5th Financial Education Conference organised by the Spanish Confederation of Savings Banks (CECA), (…)

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Savings banks will use 50% of their banks' dividend for the reserve fund

Savings banks will use 50% of their banks' dividend for the reserve fund

Published in The Economist on 30/10/14

Former savings banks that are owned 50% or more by their subsidiary banks (La Caixa, Kutxabank, Unicaja and Ibercaja) face demanding requirements if they do not choose to reduce the shareholding to below above-mentioned threshold. The troika forced them to establish a reserve fund to assist the subsidiary in the future if it suffers solvency deficits, and the small print was still to be defined (…)

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The Sector views the draft circular on banking foundations positively

The Sector views the draft circular on banking foundations positively

Published in Cinco Días on 30/10/14

The sector has already been awaiting the draft circular on banking foundations for weeks. It was one of the requirements of the ECB and the IMF in order to complete the reform of the now former solvent savings banks that have converted into banks. According to an initial assessment by CECA, the sector association headed by Isidro Fainé, the draft circular is positive. (...)

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The banking highlights the strength and efforts undertaken

The banking highlights the strength and efforts undertaken

Published in The Economist on 27/10/14

Satisfaction with the place achieved by the Spanish banking sector, vindication of the fact that it is the result of the great effort made in recent years, but also a certain caution in relation to what is coming: the creation of the European Banking Union. These are, in essence, the messages launched yesterday by authorities and bankers after the notes from the analysis were revealed (…)

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The Social Programmes of Savings Banks grow once again

The Social Programmes of Savings Banks grow once again

Published in The Economist on 27/10/14

The former savings banks allocated 647.73 million euros of their profits to Social Programmes last year. The contribution represents a year-on-year rise of 14.1 per cent and a turning point in the trend. The figure had not stopped falling since 2008, the start of the crisis, which reduced the number of savings banks from 46 to ten, with a deep merger and restructuring process. (...)

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Mounts of piety open credit to the new excluded banking entities

Mounts of piety open credit to the new excluded banking entities

Published in Cadena Ser on 22/10/14

In times of crisis, with the flow of the bank loans having practically stopped, a new line of financing has emerged, which in reality is very old, having been around for more than 300 years. These are the mounts of piety, which not only tend to society's poorest, but also now also take in very a considerable group of self-employed workers, small-scale entrepreneurs and even rich people with very valuable jewellery but little liquidity (…)

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Companies associated with CECA earn 2,695 million in June, an increase of 0.5%

Companies associated with CECA earn 2,695 million in June, an increase of 0.5%

Published in Cinco Días on 02/10/14

The companies associated with the Spanish Confederation of Savings Banks (CECA) have obtained an attributed consolidated result of 2.695 billion euros in the first six months of the year, an increase of 0.5% with respect to the same period in 2013 (…)

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CECA and Cecabank: value added to the financial system

CECA and Cecabank: value added to the financial system

Published in El País on 24/07/14

At one of the Spanish Confederation of Managers and Executives' working breakfasts. José María Méndez, the CEO of the Spanish Confederation of Savings Banks (CECA) and Cecabank CEO and board member, explained the new framework for the Savings Banks sector after the restructuring process (…)

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CECA submits its new articles of association to the Ministry Economy in order to be an association

CECA submits its new articles of association to the Ministry Economy in order to be an association

Published in Expansión on 14/07/14

Ceca, Spanish Confederation of Savings Banks, has started the countdown for its transformation. The financial institution, headed by Isidro Fainé, has amended its articles of association to reflect its new rules of play and has sent them to the Ministry of Economy for approval, something that could happen soon (...)

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Banks and savings banks see tax on deposits as a "lesser evil"

Banks and savings banks see tax on deposits as a "lesser evil"

Published in Expansión on 09/07/14

. Banks and savings banks believe that the new 0.03 % state tax on deposits is good news for the sector, a "lesser evil" within the rates that some regions were imposing. The AEB, the banking sector association, and Ceca, the savings bank association, do not believe that this taxation is going to be passed on to the banks' customers (…)

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Savings banks earn 37% more up to the end of March

Savings banks earn 37% more up to the end of March

Published in El País on 28/06/14

The sector of companies associated with the Spanish Confederation of Savings Banks (CECA) recorded an attributable profit of 1.062 billion euros in first three months of the year, which means a rise of 37.4% with respect to the same period in 2013, as the association reported in a press release. Provisions for the impairment of financial assets of savings banks came to 1.464 billion euros, in a context of normalisation of the pace of contributions and declining doubtful receivables (…)

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Savings banks reduce provisions and earn 40% more

Savings banks reduce provisions and earn 40% more

Published in Expansión on 28/06/14

The difficult restructuring processes and efforts made in terms of stabilisation last year are starting to bear fruit for banks that have emerged from the former savings banks. In the first quarter of the year, these companies obtained a consolidated profit of 1.248.7 billion, 39.6% more than for the same period in the previous year. The increase of the minority shareholdings reduces the rise in attributable profit, of 1.062 billion, at 37.4%. (...)

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Savings banks allocated 650 million to social programmes in 2013

Savings banks allocated 650 million to social programmes in 2013

Published in Cinco Días on 26/06/14

The investment in social programmes made by financial institutions associated with the Spanish Confederation of Savings Banks (CECA) – savings banks and banks created by former savings banks – exceeded 650 million in 2013, more than 50% of which was allocated to projects linked to social and health care. In addition, 315 million was allocated to the granting of microloans, as CECA explained in a press release (…)

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Luis de Guindos: The Banking Union will remove doubts on the solvency of European banking

Luis de Guindos: The Banking Union will remove doubts on the solvency of European banking

Published in Expansión on 07/06/14

La Caixa's headquarters in Barcelona hosts the 20th congress and the general meeting of the European Savings and Retail Banking Group (ESBG) this Thursday and Friday, with around thirty financiers from various EU countries and a visit from the Minister for the Economy and Competition, Luis de Guindos. As reported by the Spanish Confederation of Savings Banks (CECA) in a press release this Friday, the minister attended Thursday's dinner (…)

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CECA applauds the Savings Banks Act in an environment of higher capital requirements

CECA applauds the Savings Banks Act in an environment of higher capital requirements

Published in Expansión on 01/04/14

CECA's CEO recalled that 50% of companies associated with the savings banks association are already listed on the market. All except two will be supervised by the ECB. He criticised the Autonomous Communities' taxes on deposits. José María Méndez, Ceca's CEO, pointed out that 2013 was a turning point in the economic context (…)

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Contact for press

Please contact the communications team if you would like more detailed information on CECA, press releases or to arrange an interview.

Mónica Malo Serisa. Communication and External Relations. 91 596 54 82
Margarita Castañeda Taladriz. Communication and Brand. 91 596 54 82