Entities such as CaixaBank, Banc Sabadell, which have established their headquarters in the Valencian Community, or public entities such as the Valencian Institute of Finance, IVF, have managed to erase from the Valencian collective memory the memory of the disappearance of the regional financial system with the collapse of Bancaixa, the Mediterranean Savings Bank or the Banco de València.
The work of these financial institutions, which are joined by other smaller ones such as Caixa Ontinyent and Caixa Popular, have allowed Valencian businessmen to have a stable financial muscle committed to the Valencian productive fabric. Of course, waiting for the Government to change a regional financing model that harms the Valencian Community and, therefore, its entrepreneurs.
Let’s get to the data, which is important. CaixaBank, for example, has more than two million customers in the Valencian Community. It has 404 centers open (369 retail offices, 18 Company Centers, 9 SME stores, 7 private banking centers and one institution center), 2,673 employees and offers financial coverage in 230 municipalities of the Valencian Community and in 34 it is the only entity. It also provides service with two mobile offices in a total of 70 towns at risk of financial exclusion in this autonomy.
In terms of market share it has 45%, 28.4% in deposits, 24.6% in credit and 39.9% in payrolls. His work in the Valencian Community also extends to the cultural field, since in 2022 the Ágora opened in the city, converted into a new Caixaforum, the latest and most impressive of the la Caixa Foundation.
The IVF, directed by Enrique Montes, has launched a line of subordinated loans of 21 million euros to support the growth and consolidation of innovative companies with establishment of activity in the Valencian Community. Through this new line of subordinates, companies can opt for loans of between 300,000 and 1,000,000 euros, for terms of up to ten years and with up to a three-year grace period.
Also, the line of IVF participatory loans in co-investment with private investors, endowed with 9 million euros, is aimed at financially supporting projects carried out by newly created micro-enterprises and small businesses with establishment of activity in the Valencian Community, especially those that have a high innovative component. These are loans whose amount can range between 50,000 and 300,000 euros per SME financed, always conditional on the equity contribution made by the private co-investor, in operations of up to seven years and with up to three grace periods.
The interest rate applied to these operations may range between a minimum of 3% and a maximum of 9%, depending on the Euribor and the financial profitability recorded by the borrower in the last closed year. Montes points out that “the instruments that we have designed seek to respond to the liquidity needs that these projects have, and we also want to consolidate ourselves as a reference entity in the offer of alternative financing for these companies in the different phases they go through, so that we can accompany them from their origins, in their initial phases, to their maturation and consolidation.”
For its part, Banc Sabadell has had its headquarters in Alicante since 2017. Currently, the entity has 211 offices, 61 of them in Valencia, 132 in the province of Alicante and another 17 in Castellón). Of these, 208 are commercial offices (23 of the Solbank brand) and three of large companies. They are present in 112 municipalities. It employs 1,160 people and its clients total 923,641 people. Of them, 711,416 are individuals and 212,225 are companies.
Likewise, in the city of València it inaugurated the Valencia – Sabadell Hub Empresa and in Alicante, in addition to having the headquarters and one of its three corporate centers, it has the Technological Competence Center, a technological center that provides specialized and innovative services to the entire bank.
Likewise, Banco Mediolanum has its headquarters in the capital of Turia and also the largest Family Bankers Office in Spain, where more than 270 agents work. Throughout the entire Community, the entity has 15 Family Bankers offices.
Finally, BBVA has 192 offices in the Valencian Community and 1,406 workers. This year the entity has financed companies, SMEs and the self-employed in the Valencian Community with 6,000 million euros and in the individual segment it has grown by 14% in new credit to families, focused on innovation, digital transformation and sustainability region of.
