Cecabank Annual Report 2014

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Mª Idoya Aramendi de la Piñera
Head of Products and Services and
Overseas Development
Overseas network
Main functions:
Cecabank operating branch in
London
Centralises a significant volume
of payments between Spain and
the United Kingdom, this branch
pioneered direct debit handling
with other Spanish financial
institutions in 2014.
Representative Offices
Frankfurt
Covering Germany and
Switzerland, this office’s
importance lies in its location
at the nerve centre of the
European financial system,
with head offices of 63 German
banks and 150 foreign banks
in the city, along with the
European Central Bank, the
German Federal bank, and the
German stock exchange.
París
Covering France and the
Benelux countries, with a big
increase in its relationships
with institutions such as the
ESMA (European Securities and
Markets Authority) and the
ESBG (European Savings
Banks Group).
Subsidiaries
The Hong Kong subsidiary
centralises all foreign trade
operations in Asia for customers
of the institutions to which this
service is provided. Its extensive
experience ensures and guarantees
transactions of this type, while
offering economic advantages
comparable to local banks.
The network has a support team
in Madrid that is in charge of
handling pension agreement and
migrant remittance operations,
and has a specialist call centre to
resolve issues and provide advice
to pensioners, beneficiary entities
in Spain, originating correspondent
banks and payer entities.
International business
Cecabank has an extensive global
network of correspondents,
enabling it to send and receive
payments in any currency around
the world. Cecabank has extensive
experience in this field and a wide
range of collaboration agreements
with financial institutions
worldwide, allowing it to achieve a
volume of 1.3 billion collection and
payment transactions in 2014.
Banking Services
International business
A commitment to internationalisation is crucial to business
growth. Therefore, at Cecabank we want to diversify our
coverage of products and services in foreign markets to support
the needs of our shareholders and clients, and to promote
their international growth opportunities. With a presence in
the three most important European financial centres from
the financial and regulatory point of view, we support our
operating branch in London and our two representative offices
in Frankfurt and Paris, along with our subsidiary in Hong-Kong.
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