The general assembly of Caja Rural Center members unanimously approved this Friday. asset accounts in 2022closed with 17 million profit euro, 42% more compared to the previous year and one of the highest solvency ratios in the industry.
President of the Oriolan Foundation, Manuel Ruiz, Emphasizing that its consequences on inflation and monetary policy are the leading players of the 2022 fiscal year, and predicted 2023 with uncertainty “Due to the duration of the war in Ukraine, high inflation, the distribution of European Funds and the interest rate decisions of the Central Banks,” he said. Despite this, “the sector results are bright, a healthy situation and comfortable rates and high liquidity that will allow us to meet 2023 with a comfortable situation”.
If the general manager of the credit cooperative, José Victor Guillenbusiness year one solvency ratio 17.07well above the regulatory minimum and one of the highest in the financial industry.
He also recalled: total assets managed already added by entity 3.057 million The euro represents a relative increase of 5.64%, 163.2 million more than the previous year. He also underlined the efficiency of the organization, emphasizing that “a rate of 47% was reached among the best in the industry” by the end of 2022. It also highlighted “the organization’s high liquidity ratios that far exceed regulatory minimums.”
Regarding Caja Rural Group, it has 30 establishments scattered across the national region and various invested companies. During the assembly, Manuel Ruiz stressed the importance of the participation of the 312 people who make up the workforce.
Outlook for 2023
Regarding this fiscal year, the CEO stated that “the business is planning 2023 for this year.” continue with the expansion plan and aims to grow by expanding its branch network. This strategy aims to comply with the commitment of the organization to the province of Alicante and the Region of Murcia, by promoting economic, social and cultural development in all municipalities in its field of activity”. In particular, Caja Rural Central will open three new branches, which will add to the 77 he currently has.
The business will also focus its efforts on increasing the effectiveness, solvency and productivity of the organization, adapting to improvements in financial ratios, increasing customer and team satisfaction, and strengthening and consolidating the group.