Cooperative Group Cajamar, A 2023 acquisition, of which two dozen rural savings banks in the Valencian Community are part net consolidated result A figure of 127 million euros was reached, 67.6% more than achieved in the previous year, as reported in a statement today, assuring that the increase in the top line “was due to the good development in financial activity, which contributed to the improvement”. the typical banking business income And credit quality. By the end of the year, it had completed the clearance process for irregular assets, reducing the default rate to 2% and at the same time strengthening its stability. coverage And provisionsand made it bigger solvency”.
Reducing total questionable risks increased by 235 million euros (-23.1%) and assets net reward283 million (-46.5%) year-on-year, reflecting a 0.6 percentage point decrease. default rateWhile it is at 2%, below the sector average of 3.6%, on the other hand, the increase in commercial activity added to the normalization of interest rates determined by the European Central Bank, interest margin increased by 51.3% annually to 1,064 million euros.
There was a significant growth in gross profit margin of 24.4% compared to the increase in 2015. operating expensesProvides 8.3% improvement efficiency rate Up to 49% and leads to operating profit margin At 679 million euros, it is 45.3% higher than in 2022.
business activity
Eldest business dynamism Being a member of the Cajamar Group makes him “ guide growth in 2023 retail and off-balance sheet managed resourcesincreased by 10.8% and 27.8%, respectively. Like this retail managed resources mainly due to the 119.6% increase in time deposits and mutual funds, by 29%. This is how you win deposit market share It is at 2.7% across the country.
For your part, healthy credit investment It grew by 1.2% and reached 36 billion 982 million Euros. emphasizes financing given to companies It increased by 5.6% compared to the previous year. Financing families It represents 32.9% of the total. companies 28.7% and food industry 17.4%. It should be noted that in 2023 Grupo Cajamar allocated 46.3% of the capital. new business financing to primary sector and industry.
Partners
Numbers throughout 2023 partners The rate of those who trust the Cajamar cooperative banking model is 2.8%, the number of members reaches 1.7 million customers, Nearly 3.8 million customers. For their part, channels digital banking, electronic banking And mobile banking They have already exceeded 1.1 million digital clients5.8% more than in the same period of the previous year, including 652,000 Bizum users, 12.8% more than a year ago. Additionally, Grupo Cajamar offers its customers and users a network of more than 1,000. sales scoreAfter opening three new ones in 2023 Offices in Teruel, Huesca and TÃ rrega (Lleida).
Likewise, there are 6 mobile or travel offices It provides financial services in 43 small rural towns, with more than a third of rural offices and windows located in towns with fewer than 5,000 inhabitants, “contributing to preventing the emergence of new situations of financial exclusion in rural areas”.
Source: Informacion
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