CaixaBank SA: recognized for its leading role in international financing solutions by the IFC (World Bank Group) for the second consecutive year

CaixaBank corporate building in Madrid

• The International Finance Corporation (IFC), a member of the World Bank Group, has named CaixaBank “Best Confirming Bank” under the Global Trade Finance Program (GTFP) for the second consecutive time.

• CaixaBank was also recognized for the first time as “Best confirming bank in South Asia”.

• During the period covered by the awards (July 2020 – June 2021), CaixaBank closed financing transactions totaling more than $1.52 billion, under foreign trade financing programs with multilateral institutions. 22% of the total volume took place in South Asia.

CaixaBank was named “Best Confirming Bank” for the second consecutive year in the Global Trade Finance Awards by the International Finance Corporation (IFC), a member of the World Bank Group. These awards, now in their 10th edition, recognize leading companies in international financing and foreign trade solutions around the world.

IFC, the first multilateral institution dedicated exclusively to the private sector, has distinguished CaixaBank with two awards for its efforts in confirming and financing import and export operations worldwide, under the Trade Finance Program (GTFP).

During the period covered by the awards, between July 2020 and June 2021, CaixaBank closed transactions totaling more than $1.52 billion, under foreign trade financing programs with multilateral institutions, which are managed by teams from multilateral institutions and IFIs from Corporate & Institutional Banking (CIB) and International Banking (IB) units.

CaixaBank was also recognized as “Best Confirming Bank in South Asia” at the same awards, acknowledging the efforts of its representative office in India, which celebrated its tenth anniversary in 2021 with high market shares in documentary credits. and guarantees managed between the region and Spain.

South Asia accounted for more than 22% of the total activity volume of initiatives promoted by multilateral institutions for CaixaBank during the period. The bank closed its operations for a total of $348 million in the region during this period.

CaixaBank and the World Bank Group

CaixaBank has been contributing to IFC’s GTFP for more than seven years, thanks to its constant commitment to boosting foreign trade in emerging countries and to providing its clients with the best experience in the corporate finance process, both in countries where the institution has representative offices and branches, and in regions where it has no physical presence.

In addition, CaixaBank participates in other foreign trade programs with institutions such as the Asian Development Bank, the Central American Bank for Economic Integration and the Inter-American Development Bank, among others.

Thanks to these programs, CaixaBank is positioning itself as a pioneering institution in foreign trade financing solutions and is able to strengthen its relationships with local banks. CaixaBank maintains business relationships with more than 1,700 international banks to facilitate international transactions for businesses and individuals worldwide.

CaixaBank, the bank chosen by companies

CaixaBank consolidates itself as a reference institution for companies with specialized models and has a network of 126 CaixaBank Empresas centers distributed in all the autonomous communities of Spain, with 1,200 highly qualified employees and a solid reputation in advising on companies.

Internationally, CaixaBank supports its corporate clients in 127 countries through its operational branches, representative offices and correspondent banks, as well as its highly specialized advisers. These advisers are specialists in financing and services, foreign trade and liquidity, structured financing, tourism and real estate. They work in Spanish branches offering the best advice for business transactions abroad. The institution provides services to SMEs and micro-enterprises starting their export activities, as well as to large companies and groups of companies managing more complex international projects.

CaixaBank’s international presence

CaixaBank channels its international presence through its international network of branches and representative offices around the world and through cooperation agreements with leading international banks. The financial institution also owns the Portuguese bank Banco BPI, the fourth largest financial institution operating in Portugal in terms of assets.

CaixaBank’s CIB & IB network includes branches in Germany, France, Morocco, Poland, Portugal, United Kingdom, all except Portugal authorized by the Spanish and local regulator to provide certain services financial and banking, such as short and long term financing, factoring, reverse factoring and other similar activities within this type of business.

The institution also has 18 representative offices spread over 5 continents: Istanbul (Turkey) and Milan (Italy) in Europe; Dubai (United Arab Emirates), New Delhi (India), Beijing, Shanghai and Hong Kong (China), Sidney (Australia) and Singapore in the Middle East-Asia-Pacific; Algiers (Algeria), Cairo (Egypt) and Johannesburg (South Africa) in Africa; and Bogota (Colombia), Lima (Peru), New York (USA), Santiago de Chile (Chile), Sao Paulo (Brazil) and Toronto (Canada) in America. Finally, it also has two Spanish Desk teams at Erste Bank in Austria (Vienna) and at Inbursa in Mexico (Mexico City), to serve CaixaBank’s professional clients in these markets.

About IFC

IFC, a member of the World Bank Group, is the world’s largest development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise and influence to create markets and opportunities in developing countries. In fiscal year 2021, IFC committed a record $31.5 billion to private businesses and financial institutions in developing countries, leveraging the power of the private sector to end poverty. extreme poverty and boost shared prosperity as economies grapple with the effects of the COVID-19 pandemic. For more information, visit www.ifc.org.