Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Spain
  4. Bolsas y Mercados Espanoles
  5. CaixaBank, S.A.
  6. News
  7. Summary
    CABK   ES0140609019


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

CaixaBank S A : and Invest in Spain champion investment in Spain in an informative meeting with French companies

09/28/2021 | 10:02am EST

Participants at the event

• The event, held at the Spanish Embassy in Paris, showcased the attractiveness and opportunities that the country offers to a group of companies with an interest in investing in international markets.

CaixaBank and Invest in Spain held a presentation to showcase the attractiveness and opportunities that the Spanish market offers at an informative meeting held at the Spanish Embassy in Paris. The presentation was delivered to a group of French company executives with an interest in investing in international markets.

The breakfast was attended by the Spanish Embassy in France's head of business, David Carriedo, who welcomed the participants and highlighted that "these kind of events are used to raise awareness among French investors of the opportunities that are opening up in Spain in the years to come, specifically with the momentum of the government's Recovery, Transformation and Resilience Plan and European Next Generation funds."

Elisa García Grande, executive director of Invest in Spain, subsequently stated that "the Recovery, Transformation and Resilience Plan is a unique opportunity to set the stage for the modernisation and sustainable and inclusive growth of the Spanish economy. The four pillars of the Plan, green transition, digital transition, social and territorial cohesion and gender equality, will raise interesting investment opportunities for foreign capital companies established in Spain,".She gave a reminder that "one of the major strengths of the Spanish economy is its high level of internationalisation. Upwards of 16,000 foreign companies in our country are a key part of the Spanish production fabric and are responsible for 42% of our exports and over 38% of the private sector's R&D spending."

Accordingly, Oriol Aspachs, head of Spanish Economics at CaixaBank Research, analysed the situation and prospects of the economy in Spain. He noted that "the recovery is gaining traction thanks to the rapid vaccination campaign being undertaken. After a second quarter that exceeded the most optimistic expectations, third quarter results are even better, with a rapid recovery in household consumption and ongoing improvement in the labour market." Similarly, Aspachs noted that "in the coming quarters, economic activity will continue to be backed by very lax financial conditions and the implementation of the NGEU European recovery plan, thus, growth rates are expected to remain high, and the level of pre-pandemic activity is expected to be reached in the second half of 2022."

Lastly, Enrique Soldevila, head of M&A Infrastructures, TMT and Energy at CaixaBank, has reviewed the most active sectors in M&A operations and the opportunities they offer French investors: "We believe that the M&A sector in Spain will continue to grow resolutely as a result of the post-COVID recovery and European NextGen funds, with energy -and especially renewables-, telecommunications and infrastructure being the economy's most active sectors."

CaixaBank in France

CaixaBank has had a branch license in France since 2018, through which the bank offers corporate banking services to French, Spanish and multinational companies with interests in the country.

In these three years in the country, CaixaBank's subsidiary in France has reaffirmed its unwavering commitment to the country, consolidating itself in the country's ESG funding sector, with operations amounting to upwards of €1.1 billion. It has become a benchmark Spanish banking partner for companies in France. The core operations include those completed with companies in the fields of environmental infrastructure (Suez, Saur), transport (Akiem, Ermewa), infrastructure (Appr), construction (Eiffage), real estate (URW, Klepierre), retail (Fnac) and renewable energy (Boralex, Fecamp, St Nazaire and Courselles sur Mer), which most notably includes the Fecamp transaction named Green Deal of the Year by PFI.

Beyond ESG funding, the total amount granted by CaixaBank in France over the past three years amounts to €3.8 billion.

ICEX-Invest in Spain

The role of the executive directorate of invest in Spain for ICEX Spain Export and Investment is to promote and attract foreign investments, as well as the reinvestment of foreign companies already established in the country. It is established as a benchmark for foreign investors and as a meeting point for institutions focused on promoting and attracting investments at the state, regional and local level. It also undertakes activities to establish Spain as a global platform for international business and investment. Another area of activity is the enhancement of Spain's business climate, in ongoing dialogue with other ministerial departments and with companies and business associations established in Spain - Spanish capital companies and those from third countries.


CaixaBank SA published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 14:01:01 UTC.

© Publicnow 2021
All news about CAIXABANK, S.A.
12/05CAIXABANK S A : participates in the financing of the largest offshore wind farm in the wor..
12/02CAIXABANK S A : reinforces its commitment to the French market in the latest edition of th..
12/01CAIXABANK S A : The Banker magazine names CaixaBank ‘Bank of the Year 2021 in Spain'
11/28CAIXABANK S A : Sustainalytics ranks CaixaBank as the best bank in Spain in its ESG risk r..
11/25Spain set to extend voluntary debt write-offs for firms, sources say
11/25Spain set to extend voluntary debt write-offs for firms, sources say
11/23CAIXABANK S A : named ‘Global Innovator 2021' by EFMA-Accenture
11/20CAIXABANK S A : backs the push for green hydrogen
11/16CAIXABANK S A : Gonzalo Gortazar underscores the value of diversity at a meeting with the ..
11/15Europe's banks turn to fees to kick customers' branch habit
More news
Analyst Recommendations on CAIXABANK, S.A.
More recommendations
Sales 2021 10 261 M 11 578 M 11 578 M
Net income 2021 5 197 M 5 863 M 5 863 M
Net Debt 2021 - - -
P/E ratio 2021 3,45x
Yield 2021 5,83%
Capitalization 18 893 M 21 307 M 21 317 M
Capi. / Sales 2021 1,84x
Capi. / Sales 2022 1,72x
Nbr of Employees 50 980
Free-Float 53,3%
Duration : Period :
CaixaBank, S.A. Technical Analysis Chart | CABK | ES0140609019 | MarketScreener
Technical analysis trends CAIXABANK, S.A.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 2,35 €
Average target price 3,08 €
Spread / Average Target 31,3%
EPS Revisions
Managers and Directors
Gonzalo Gortázar Rotaeche Chief Executive Officer & Executive Director
Javier Pano Riera Chief Financial Officer
José Ignacio Goirigolzarri Tellaeche Executive Chairman
Luis Javier Blas Agueros COO & Director-Media & Resources
Manuel Galarza Pont Director-Compliance & Control
Sector and Competitors