Cajaviva recorded a profit of 14.2 million euros in 2021, 87.6% more than the previous year. From the financial institution they reflected that with this they not only exceeded their forecasts, but also achieved the best result obtained in its entire history, so that the General Assembly approved the accounts and praised these results, which it considered to be the result of the efforts of the management, as well as the 2019-2021 Strategic Plan.
This plan was based on the development of four pillars: the generation of new business (455% target achieved), profitably attracting business (106% achieved), the organic generation of own funds that increases the solvency of the entity –219% achieved– and the provision of proximity financial services and the presence of physical offices, complemented by banking services through digital channels (119% goal achieved).
Ramón Sobremonte, general director of Cajaviva, highlighted that the work carried out “has made it possible to generate figures never before achieved, in a sustainable and solvent manner.” And it is that throughout last year, in which families, SMEs and the self-employed formalized 306 million euros of new loans, Cajaviva increased its credit investment by 8.22%, well above the financial sector as a whole (which according to its data adds up to 0.29%), reaching a total outstanding balance of 1,392 million euros, the entity’s all-time high. He highlights the “strong dynamism” of mortgage financing to buy a home.
Even greater was the increase in the capture of customer savings resources, which rose by 13.33% compared to 2020, up to 2,821 million euros, also a historical record for Cajaviva, which represented an increase in the managed savings of members and customers in the year 2021 of 336 million euros.
With these data, Cajaviva considers that the success of the local banking cooperative model was evident, as the entity has once again gained market share in the main lines of banking business, credit investment and savings for members and customers. “We have shown that it is possible to carry out sustainable and human proximity banking, combining the most advanced technological services with personalized proximity service in branches”, underlined the president of Cajaviva, Jesús María Hontoria.
The entity closed the year with nearly 300 employees. The Caja Rural Group, at the end of the year, reflected total assets of 86,000 million euros, 2,329 offices and 8,563 employees.
In addition, the Assembly partially renewed the Governing Council – whose presidency is held by Jesús María Hontoria Ramos – appointing Ángel Luis Llorente de Frutos as vice president, Miguel Ángel Terradillos García as secretary, Tomás Fisac de Frías, Javier Gómez Corcuera, Mª Rosa Carriles García as members, José Antonio Herguedas Hernanz, Blanca Martín de Vidales y Recio and as substitute members Roberto Javier Portilla Arnaiz and José Luis Miguelañez García.
They also received the gold spikes from the Entity Eva María Gómez and Andrés Cabezón Ribas, outgoing directors, for their selfless dedication during their respective periods as members of the Governing Council of Cajaviva Cajas Rural.
