Caja Rural de Granada

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Caja Rural Group

Caja Rural Group

Grupo Caja Rural is one of the main banking groups in Spain and has a large financial and capital strength: 59,000 millions of Euros in assets, 4,790 millions of Euros in equity capital, 3,500 branches and 13.100 employees.
One of the main objectives of Grupo Caja Rural is to offer a plenty range of high quality, specialized and personalized products and services to their clients and stockholders taking advantage of every Caja Rural knowledge of its regional market. The Group structure allows its members to act independently but not in an isolated way, given the Group capacity to operate in wider areas. Our Group is able to offer the same services as banks and cajas de ahorros, maintaining the regional character of its members.
Grupo Caja Rural activity is supported by some subsidiary societies: Asociación Española de Cajas Rurales (Spanish Cajas Rurales Association), Banco Cooperativo Español. Rural Servicios Informáticos (Computing Services Company) and RGA (Insurance Company).
The institutional structure adopted by Grupo Caja Rural and its subsidiary societies responds to the concentration process carried out by the Spanish Cooperative Banks in the last years. This integrated system is a model of federated bank that respects its members´ autonomy but with the necessary banking effectiveness and efficiency and overcoming the limited capacity of every Caja Rural given its size and regional area of activity.
The structure adopted by Grupo Caja Rural is based on an operational decentralization and subsidiary principle, and its members have a completed legal independence and decision capacity.

Spanish Association of Cajas Rurales (AECR)

AECR History
Asociación Española de Cajas Rurales (AECR), former Asociación Española de Cooperativas de Crédito was created in 1989 by 23 Cajas Rurales (cooperative banks). This number of member has been increased until the 73 current members, becoming one of the main banking groups in the Spanish financial system.
The institutional structure adopted by the AECR and its subsidiary societies responds to the concentration process carried out by the Spanish Cooperative Banks in the last years. This integrated system is a model of federated bank that respects its members´ autonomy but with the necessary banking effectiveness and efficiency and overcoming the limited capacity of every Caja Rural given its size and regional area of activity.
The Group structure allows its members to act independently but not in an isolated way, given the Group capacity to operate in wider areas. Our Group is able to offer the same services as banks and cajas de ahorros, maintaining the regional character of its members.
This integration structure follows the example of others similar long- standing and successful models in Europe, as the Okobank from Finland, Rabobank from the Netherlands, the Österreichische Raiffeisenbanken from Austria, Crédit Agricole in France or the Volksbanken-Raiffeisenbanken holding (known as DZ Bank) from Germany. All of them possess a relevant position in their respective financial national system.
Nowadays 73 cajas rurales belong to this Group, which is most of the cajas rurales in Spain and the 97% of the assets in this kind of financial institutions.

Purpose and objectives
Caja Rural Group has the support in its activities of certain subsidiary societies: Banco Cooperativo Español, Rural Servicios Informaticos (IT Company), and RGA holding (Insurance Companies). If necessary, The Group will create new subsidiary service companies regarding the market requirements.
AECR is used by the Grupo Caja Rural members as a forum of coordination and discussion. Through it, Grupo Caja Rural sets its priorities, strategies and policies. Additionally through AECR, Grupo Caja Rural pursues the following objectives:

  • To increase the Society´s confidence on the cooperative credit, and extending its unique and specific philosophy and principles.
  • To promote the activities of the group and coordinate its representation before public administrations and other institutions.
  • To encourage the development of solidarity principles and mutual support among its associated members.
  • To coordinate the role of its members in the others companies in the group.
  • To promote the creation of new companies, which cooperate to achieve common objectives taking advantages of economies of scale and offering a better service to members and stockholders.
  • To offer common services to its members, with specific contents in technical, legal, educational and commercial matters.
  • To manage solidarity mutual funds, created by the members of Grupo Caja Rural.

Solidarity Funds:
According to its Statutes, Grupo Caja Rural has an internal solidarity fund designed in order to prevent and solve, if necessary, insolvency contingencies and other legal requirements from its associates.
Nowadays the solidarity fund has around 107 millions Eur. This amount represents an important additional guarantee for its members´ customers as they perceive it as an added support from Grupo Caja Rural.
The solidarity fund should be considered by the customer as an additional guaranty apart from the cajas rurales´ assets, and on top of the additional recourse to the Deposit Guarantee Fund.