(Madrid, November 22, 2012). CEPES Board, at its meeting held on November 20, unanimously aprovó accession as a full member to the cooperative credit society Cajamar Caja Rural. With this new addition are already 31 partners who have the Spanish Business Confederation of Social Economy
Cajamar Caja Rural is to serve the financial needs of its members and third parties through the exercise of the activities of credit institutions, performing any operations with passive, active and or parabanking banking, paying special attention to the social economy enterprises inparticularly the food industry, within its territorial scope.
For this and the fulfillment of its social and cooperative, promotes and participates in many realities and business initiatives solvents produce improvements in quality of life and services in their cooperators, and prospects, all, most especially, in the areas where the entity operates, or switch to performcooperative activity effectively.
The Group consists of Cajamar Caja Rural, Caja Rural de Canarias, Caixa Rural Torrent, Valencia Crèdit, Caixa Rural Vila-real, Caixaltea, Caixa Rural Burriana, Caixa Rural Nules, Caixacallosa, Caixapetrer, Caixaalqueries, Caixa Rural St. Vicent Ferrer Vall d'Uixó, Caja Rural de Cheste, Caixa d'Alginet Rural, Caja Rural de Villar,Turís Caixa, Caixa Rural Vilavella, Caja Rural de Casinos, Albalat Caixa, Caixa Rural de Almenara, Caixa and Caixa Rural Rural Vilafamés Xilxes.
As an entity of social economy, Cajamar Caja Rural in financial activity devotes special attention to the business initiatives of productive activities that generate wealth and employment, especially in the food sector and the rural world. During the last year, has increased by 11%lending to the cooperative sector in the 31% aimed at agribusiness cooperatives and 37% SMEs granted to cooperatives.
For José Luis Heredia Celdran, General Director of Commercial Banking Cajamar, "in such a difficult situation such as this, the greatest strength of credit unions is that we are a partnership, and according to our reason for being the twenty Cajamar Cooperative Group entities dedicated preferential attention to the financing of social economy companies in our territoryperformance, encouraging entrepreneurship and social projects of SMEs ".
Juan Antonio Pedreño has stated that "it is a matter of satisfaction incorporating credit Cooperative Group Family Social Economy in the figure represented Cajamar".
Pedroza said "this somehow incorporate all cooperatives families are represented in the Employers of Social Economy, CEPES".
Cajamar Cooperative Group is the first group of Spanish credit cooperative. Represents 50% of total business sector managed by the Spanish rural banks, with 1.2 million members, 3.5 million clients, 1,600 branches and over 7,000 employees. At September 30, 2012 its total business amounts to 70,000 million euros and assets exceeding 46,200 million euros. Operates in 41 provinces of Andalusia, Aragon, Asturias, Balearic Islands, Cantabria, Castile-La Mancha, Castilla y León, Catalonia, Valencia, La Rioja, Madrid, Murcia and Navarre and in the autonomous cities of Ceuta and Melilla.
