13 March 2013
- Last year, CECA decided to separate its work in institutional representation from its business arm through the creation of its bank: Cecabank
- Cecabank launched with a core capital ratio of 18.4% at the close of 2012, one of the highest on the market
Today Cecabank held the first Ordinary General Assembly of Shareholders since its creation on 12 November, when it was transferred all the business activity and services of CECA.
This entity is the wholesale bank created by CECA to provide financial and technological services to all financial institutions. Cecabank will mainly focus its business across four strategic lines: securities and funds custody and depositary. treasury management and banknotes; payment methods and services; and consultancy and support services.
Furthermore, CECA maintains the composition of its Board of Directors with Mr. Isidro Fainé as chairman and it will continue to represent the interests of the banking groups of Savings banks.
Board of Directors of Cecabank
In turn, the General Shareholders Meeting of CECA's bank, Cecabank, has today appointed its new Board of Directors, that will be comprised of:
- Mr. Antonio Massanell Lavilla (CEO of CAIXABANK), as non-executive chairman.
- Mr. José Luis Aguirre Loaso (CEO of IBERCAJA BANCO), as non-executive vice chair.
- Mr. Antonio Ortega Parra (CEO of BANKIA People, Media and Technology).
- Mr. Francisco Javier García Lurueña (Assistant Managing Director of KUTXABANK).
- Mr. Manuel Azuaga Moreno (CEO of UNICAJA BANCO).
- Mr. Joaquín Cánovas Páez (CEO of BMN).
- Mr. Jesús Ruano Mochales (LIBERBANK Finance and Corporate Development Manager).
- Mr. Santiago Carbó Valverde (Professor of Economy and Finance at Bangor Business School – Bangor University UK).
- Mr. José Gómez de Miguel (Former Manager of the Regulations Division of Bank of Spain).
- Ms. María del Mar Sarro Álvarez (Senior lecturer of the Marketing and Market Research Department of the University of Alcalá de Henares).
- Mr. José María Méndez Álvarez-Cedrón (CEO of CECA).
- Mr. Fernando Conlledo Lantero (CECA General Secretary), as secretary non-member.
Thus, the shareholders of Cecabank are CECA itself (with 89 per cent) and banks and savings banks (with the remaining 11 per cent).
The Cecabank General Shareholders Meeting today also approved its annual accounts. Cecabank obtained attributed profit of 34.6 million in 2012 and ended the year with 705 million euros of equity and a core capital ratio of 18.4 percent.
