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Social commitment

Annual report of 'Red Solidaria'

Bankia donates over 2 million euros to 275 NGOs after its employees achieve their objectives

The 'Red Solidaria' program was launched in 2013 and since then more than 1,216 social projects have been supported, which have benefited more than 400,000 people.

Communication Bankia

By  Communication Bankia

Publish on 
17 April 2019 - 17:00

  • The bank increased its investment this year by 33% on the program that rewards compliance with the business objectives of its employees, transforming them into grants for social projects selected by them
  • The program, which has benefited 86,000 people in all Spanish regions and provinces, promotes workplace integration, care for people with disabilities, local development and contribution with people at risk of exclusion, among others

Bankia has allocated almost €2 million to support a total of 275 NGOs in all autonomous communities through the 'Red Solidaria' program, thanks to the fact that the bank’s employees have achieved their objectives. These programs have benefited 86,000 people.

The bank increased its investment in this program by 33% compared to the previous year. The bank’s contribution to NGOs throughout Spain was 1.43 million euros in 2017 and increased to over 1.9 million euros in 2018.

The ‘Red Solidaria’ project rewards the achievement of goals by the employees by allocating subsidies to social projects selected by the employees themselves. It supports and contributes to NGO initiatives with an allocation of €1,000 to €10,000 per year, depending on the percentage of compliance with business objectives.

The program fosters workplace integration, services for people with disabilities, local development and relief in situations of poverty and people at risk of social exclusion all over the country, among others.

The amount contributed in 2018 was made possible thanks to the results obtained by all the divisions of the bank: Retail Banking, Business Banking, SMEs, Private Banking, Specialised Business, Multi-Channel Business and Central Services.

Bankia’s Director of Corporate Social Responsibility, David Menéndez, stated that "Red Solidaria is a program that is very dear to us, as the work and effort of the employees of the bank is rewarded." "It allows us to demonstrate the professionalism and social commitment of all the professionals who work at Bankia and to commit to charity projects," he added.

Since the launch of the 'Red Solidaria' program in 2013, more than 1,216 social projects have been supported with an economic contribution of more than 7.88 million euros, benefiting more than 400,000 people.

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