2024
S&P Global Ratings upgrades Cajamar and Banco de Crédito Social Cooperativo credit rating to investment grade with stable outlook
S&P Global Ratings has upgraded Banco de Crédito Social Cooperativo and Cajamar Caja Rural's rating to investment grade (BBB-) with a stable outlook from (BB+), driven by Grupo Cooperativo Cajamar's solid solvency position, increased capitalization and rising profitability.... (read more...)
DBRS improves the outlook for Cajamar and Banco de Crédito Social Cooperativo
The rating agency DBRS Morningstar has raised the long-term rating outlook of Banco de Crédito Social Cooperativo (BCC), Cajamar and Grupo Cooperativo Cajamar from stable to positive, reaffirming the level of BBB (low). In this review, it has considered the significant improvement in profitability over the recent quarters, the strengthening of its capitalization and the normalization of the cost of risk.... (read more...)
Grupo Cajamar records profit of €246 million through September, buoyed by the income from banking business
Income statement margins show double-digit growth, and all ratios are improving, showcasing improved efficiency, strengthening capital adequacy and higher profitability.... (read more...)
Grupo Cajamar places EUR 500 million of senior debt issue
Grupo Cajamar has placed today, through the Banco de Crédito Social Cooperativo, a senior preferred debt issue for an amount of 500 million euros with a maturity of six years, and the orders received have excedeed 2.1 billion euros, 4.2 times more. Given the good reception of the market, the placement price of the issue has been set at 4,2 %, below the starting price.... (read more...)
Grupo Cajamar tops €100 billion in managed funds and posts a profit of €174.1 million for the first half
In the first six months of the year, all the income statement margins show double-digit growth, contributing to an increase in capital adequacy and an improvement in efficiency, while also reinforcing the quality and diversification of the Group’s loan portfolio, lowering its risk profile and keeping its NPL ratio one of the lowest among the top Spanish banks.... (read more...)
Fitch Ratings places Cajamar’s rating at investment grade with a stable outlook
Fitch Ratings has assigned Cajamar, Banco de Crédito Social Cooperativo and Grupo Cooperativo Cajamar a BBB- (investment grade) rating with a stable outlook.... (read more...)
Grupo Cajamar posts profit of €86.7 million in first three months of the year
In the first three months of the year, the strong numbers seen in Grupo Cooperativo Cajamar's commercial activity and in recurring revenue from the financial business, both in on-balance sheet funds and in performing loans, lifted all income statement margins, which recorded double-digit growth and allowed improvements in solvency, the cost-income ratio and the profit margin.... (read more...)
S&P raises the long-term rating outlook of Cajamar and Banco de Crédito Social Cooperativo to positive
The rating agency S&P has raised, from stable to positive, the outlook for the long-term rating of Banco de Crédito Social Cooperativo (BCC) and Cajamar, affirming the BB+ level. For this increase in the long-term rating outlook, S&P has taken into account “the return of more solid profits, ability to build up capital internally and to invest in their digital transformation.”... (read more...)
Cajamar obtains the 'A' rating in Climate Change from CDP
Grupo Cooperativo Cajamar once again revalidates its leadership position for its performance in climate change and corporate transparency. This is recognized by the environmental organization CDP by granting it the highest 'Leadership' category, with an 'A' rating on its annual list. It thus becomes one of the few qualified companies that have achieved this score. Specifically in Spain, only 17 companies have achieved the maximum rating, including two financial entities, one of which is Grupo Cajamar.... (read more...)
Grupo Cajamar boosts earnings to €127 million euros, lifted by recurring revenue
In 2023, Grupo Cooperativo Cajamar increased its income statement, reflecting the solid advances seen in financial activity, which contributed to the rise in core banking business revenue and improved its credit quality. At year-end, it had completed the cleanup of non-performing assets, bringing the NPL ratio down to 2 %, one of the lowest amongst major banks, while strengthening coverage levels and provisions, and enhancing its solvency.... (read more...)
Cajamar places a new EUR 600 million covered bond with a 5.5 years maturity
Cajamar Caja Rural has completed the placement of a new issue of covered bonds for an amount of 600 million euros and maturity on July 25, 2029 (5.5 years). The orders received have surpassed 875 million euros.... (read more...)
Banco de Crédito Cooperativo-Grupo Cooperativo Cajamar
Communication address
Paseo de la Castellana 87 28046 Madrid
Telephone 950 210 386 and 914 230 014
comunicacion@bcc.es