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CAP Campaign 2019

Bankia exempts farmers who receive the PAC aid through direct debit from omission fees and facilitates advanced collection

Bankia has more than 370 branches specialised in the agricultural and livestock industry, all of them located in areas with a significant agricultural industry

Communication Bankia

By  Communication Bankia

Publish on 
01 March 2019 - 10:30

  • The bank will void administration and maintenance fees in all accounts, for debit and credit business cards, along with transfer fees through any platform and of any amount.
  • The entity offers its customers an online Advance Simulator that allows the user to know the different possibilities for advanced payment according to the amount and the date requested.
  • Bankia has more than 370 branches specialised in the agricultural and livestock industry, all of them located in areas with a significant agricultural industry.
  • "The agricultural and livestock industries are strategic for Bankia. We understand the concerns of its professionals, we provide answers to their questions, we offer financial advice and the most appropriate products in each case", says Gonzalo Blanco, director of Commerce and Freelancers, in charge of Bankia's agricultural business.

Bankia has a service aimed at farmers to facilitate the processing of the application for Common Agricultural Policy aids (CAP) 2019.

Farmers and who receive the CAP in a Bankia account will not have to pay the main commission fees. This way, the bank will void administration and maintenance fees in all accounts, for debit and credit business cards, along with transfer fees through any platform and of any amount.

In addition, the beneficiaries of the CAP who receive the aid through direct debit may request the financial institution to pay it immediately through an advance of up to 90% of the amount to which they are entitled.

In addition, Bankia offers its customers an online 'Advance Simulator' that allows the user to know the different possibilities for advanced payment according to the amount and the date requested

Bankia has specialised teams that offer personalised advice to farmers, as well as an agile and simple procedure for processing advanced payments of this aid.

Farmers can process the grants free of charge at their Bankia office until April 30, the deadline set by the regulations to carry out these procedures.

"CAP subsidies are an essential element for the development of the agricultural and livestock industry in Spain. This aid is aimed at being the economic engine of some territories where Bankia has a large presence", said Gonzalo Blanco, director of Commerce and Freelancers, in charge of Bankia's agricultural business.

"For all of this, it is a strategic industry for Bankia. We understand the concerns of its professionals, we provide answers to their questions, and financial advice and we offer them the most appropriate products in each case", added Blanco.

Branches and specialised advisors

Bankia has more than 370 branches specialised in the agricultural and livestock industry, all of them located in areas with a significant agricultural industry.

These offices have human teams experienced in the processing of subsidies, which offer farmers and ranchers the options that best suit their needs.

The commercial initiative is another step in Bankia's commitment to the agricultural business, which has financial solutions geared towards agricultural activity. In addition to the PAC subsidy advances, the bank offers financing of agricultural insurance, subsidised gas oil cards, the Agro-Supply and Agro-Investment loans, and the Agro-food, ICO Lines and foreign trade lines, among others.

The entity also offers a wide range of agricultural insurance products to ensure that the main source of income for farmers is secure, including the possibility of financing the cost of the premium under advantageous conditions.

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After assuming the mortgage expenses

Bankia markets the mortgage without charges or fees

The entity does not require the hiring of any additional product linked to the granting of the loan, with the exception of domiciling the payroll in Bankia.

Communication Bankia

By  Communication Bankia

Publish on 
29 March 2019 - 11:45

  • In addition, you do not need to contract any additional products to benefit from these conditions. The only requirement is the direct deposit of your payroll in the entity
  • To reinforce its offer, Bankia launches the campaign ‘The mortgage with the largest fine print in the world’
  • “Generally, a mortgage is one of the most important decisions of our lives, which is why we want to offer financing with clear and simple conditions, with transparency and without any fine print”, comments Bankia’s Deputy General Director of Retail Banking, Eugenio Solla
  • The price of Bankia mortgages ranges from an annual Euribor interest rate of plus 0.99% in the case of variable rate mortgages, and of 1.70% for a ten-year period in the case of fixed rate mortgages

Bankia has decided to assume the mortgage expenses as from now. With this initiative, it becomes the only entity with a large number of branches that markets a mortgage free of charge, without fees and, in addition, without requiring the purchase of additional products in order to benefit from these conditions. The only requirement is the direct deposit of the customer’s payroll with the institution.

“Generally, a mortgage is one of the most important decisions of our lives, which is why we want to offer financing with clear and simple conditions”, says Eugenio Solla, Deputy General Director of Retail Banking at Bankia. “Anyone who applies for a mortgage at Bankia will only repay the loan and pertinent interest. It's as simple as that, transparent, with no fine print”, he points out.

The price of Bankia mortgages ranges from an annual Euribor interest rate of plus 0.99% in the case of variable rate mortgages, and of 1.70% for a ten-year period in the case of fixed rate mortgages.

In addition, this product does not require contracting any additional products linked to the loan. “This point is very important in our offer, as it provides us with a differential position”, says Solla. In addition, for new mortgages contracted with Bankia, the institution will bear the notary fees, registration fees, management fees, as well as the Stamp Duty Tax, ahead of the new Real Estate Credit Law, which will come into force next June.

Likewise, these loans will not encumber any opening or redemption fee, whether partial or total.

Therefore, a 30-year, variable-rate mortgage would be 1.27% APR, which includes, in addition to the nominal rate, all associated expenses.

The only requirement to be eligible for these conditions is the direct deposit of the customer’s payroll with the institution.

Mortgage and real estate simulator

Bankia complements its financing offer for the purchase of a home with two free online simulators, which allow the user, whether or not a customer of the institution, to make unlimited inquiries.

The first of these is the mortgage simulator, in which, by entering some basic details, the user has access to information about the amount that can be financed, the monthly instalments to be paid or how the amount would vary depending on the performance of the Euribor.

The second tool is the property appraiser, which calculates, in a matter of seconds, the market price of any home, both for purchase and rental, simply by entering the location details of the same.

‘The largest fine print in the world’ campaign

Bankia has launched a campaign to raise awareness of these initiatives, in which it focuses on transparency in mortgage conditions and the absence of fine print.

“In such a complex scenario, with numerous regulatory changes, it is essential to provide customers with clear and transparent information. In this campaign, we want to capture both the highly competitive product conditions and Bankia’s commitment to transparency”, says Silvia Bajo, Bankia’s Brand Corporate Director.

The campaign shows a mortgage with such clear conditions, that it has ‘the largest fine print in the world’.

Bankia started 2019 with great commercial strength, which is allowing the bank to increase its concession of new financing for families and businesses. This is reflected by the fact that during the first two months of the year, a total of 470 million euros was granted in new financing for the purchase of a home, which is up by 15% on the same period last year. During 2018, the bank formalised mortgages for a volume of 2,928 million euros, up 6%.

In this way, the entity continues to make progress in achieving the objectives set out in the 2018-2020 Strategic Plan related to the mortgage business, which foresee a market share increase of 351 basis points in formalisations during the period, to 10.8%. Bankia ended last November with a share of 8.12%.

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Dualiza Bankia starts a new Comex foreign trade course for students of the CIFP Carlos III in Cartagena

Students will receive training in various topics such as economic management, operational risks and international trade.
 

Communication Bankia

By  Communication Bankia

Publish on 
25 March 2019 - 12:45

  • Up to 15 students will benefit from complementary training
  • New training activity of Dualiza Bankia in the Región of Murcia after only a month since it launched another three complementary training courses

Dualiza Bankia, the brand of the Bankia Foundation for Dual Training through which it channels all of its promotion and prestige activities in vocational training, started this Monday, in collaboration with the Government of the Región of Murcia, a new complementary training course in foreign trade for students of the CIFP Carlos III in Cartagena.

In total, up to 15 students will be able to benefit from training that will help them adjust their profile to a sector with high employability.

The foreign trade course students will receive 90 hours of complementary training, 60 face-to-face hours and 30 online hours, to solve practical cases through the Comex Bankia Campus.

This training course will provide them with knowledge on the economic and financial management of international trade, the risks of foreign trade operations and the hedging alternatives existing in the market, as well as how to pose international expansion in a safe and coherent manner.

The regional coordinator of Bankia for Murcia, Ricard Guillem, underlined that the launch of this new course “reinforces the commitment that Dualiza Bankia has with the Región of Murcia, reflected in the numerous activities promoted here”. He also wanted to emphasise the importance of training that “increases the employability of students and the competitiveness of companies and therefore helps to improve social cohesion”.

This new course started after a little over a month ago Dualiza Bankia promoted three complementary training actions in digital skills and foreign trade at various centres in the Región of Murcia.

Dualiza Bankia, Bankia’s dual training initiative

Dualiza Bankia is the brand through which the Bankia Foundation for Dual Training carries out all of its promotion and prestige activities regarding vocational training and dual vocational training, keeping in mind that it improves the employability of students and the competitiveness of companies. And it represents the commitment acquired by Bankia to the promotion of education as a way to improve society, combat inequality and promote greater social cohesion.

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From left to right: Bankia Ciudad Real Oeste area manager, Mª Luisa Bahamontes; manager Asaja Ciudad Real, Agustín Miranda; corp. dir. Bankia in Castille-La Mancha and Extremadura, Jaime Campos, Bankia area manager Ciudad Real Este, Carmen González.

Business

Bankia and ASAJA Ciudad Real sign an agreement to facilitate the processing of the CAP in the province

The corporate director of the Territory of Bankia in Castilla-La Mancha and Extremadura has highlighted the "commitment" of the entity with the "agricultural and livestock sector".
 

Communication Bankia

By  Communication Bankia

Publish on 
26 March 2019 - 13:45

  • The agreement will speed up the advance payment of aid from the Common Agricultural Policy (CAP) and will offer financing conditions adapted to the needs of cooperatives and their members

Bankia and ASAJA (Agrarian Association of Young Farmers) of Ciudad Real have signed a collaboration agreement to streamline the management and processing of the Common Agricultural Policy (CAP) aid at all the bank’s branches in this province.

The agreement was signed at the headquarters of ASAJA Ciudad Real by its manager, Agustín Miranda; by the corporate manager of Bankia in Castille-La Mancha and Extremadura, Jaime Campos, and by Bankia's Ciudad Real Oeste area manager, María Luisa Bahamontes.

The event was also attended by the area manager of Bankia in Ciudad Real Este, Carmen González Novo, and the regional manager of Agro Businesses, Fernando Javier Cabanes.

The corporate manager of Bankia in Castille-La Mancha and Extremadura highlighted “Bankia’s commitment to such an important sector for the province and for the entity and, of course, to the support for young farmers”.

The manager of ASAJA Ciudad Real, Agustín Miranda, underlined “the great technical work carried out by the agrarian organisation from all its offices in the province, already immersed in the processing of the year’s most important call for aid”. “We have a great team of technical specialists, capable of resolving any queries that may arise and with plenty of experience to ensure that the PAC files of the farmers are prepared in a timely manner”, he noted.

The main objective of this agreement is to establish a framework for commercial collaboration between the Bankia and ASAJA Ciudad Real aimed at channelling the CAP aid files through the network of Bankia branches.

The entity will not charge the CAP aid beneficiaries the main administrative and maintenance fees on all their accounts when they arrange to receive the aid payments directly to their bank account. In addition, these beneficiaries have the option of requesting that Bankia provides them with an immediate advance payment of up to 90% of the amount to which they are entitled.

This agreement is a continuation of the support that Bankia has been providing to ASAJA in the province, region and to its associates in recent years.

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Bankia has hired 30 students from the first two FP Dual Bankia promotions, to work as customer managers

Students acquire different knowledge during training, such as knowing Bankia's operating system, financial products, how to offer the best customer service or information on regulations and security, among other matters.

Communication Bankia

By  Communication Bankia

Publish on 
02 April 2019 - 11:00

  • The students completed the Higher Vocational Training in Administration and Finance, which is taught by the bank and has a duration of two academic years.
  • The training alternates between a theoretical education at the school with apprenticeships at Bankia branches, where they are accompanied by tutors of the entity itself
  • Bankia is the only financial institution that carries out its own Dual Vocational Training project through FP Dual Bankia, in what is a pioneering initiative in Spain.

Bankia has hired 30 students from the first two FP Dual Bankia promotions, to work as customer managers. They have all completed the higher level of vocational training in administration and finance, which has a duration of two academic years.

FP Dual Bankia was launched in 2015, with an initial promotion consisting of 44 students, 17 of which ended up joining Bankia branches. The second edition finished its training in June and comprised 36 students, of whom 13 were hired by the institution.

The training provided to the students alternates between a theoretical education at the school with apprenticeships at Bankia branches, where they are accompanied by tutors of the institution itself.

Students learn the Bankia operating system, financial products, their sale, quality in customer service, regulations and security, advisory sales, accounting and taxation, financial markets and investment, and human resources management.

The education of students involves the branch managers and teams and business centres where they carry out their training, as well as managers and technicians from the directorates of People, Risks, General Accounting and Information, Finance, Capital Markets, Asset Management and Bankia Mediation.

Bankia is the only financial institution that carries out its own Dual Vocational Training project through FP Dual Bankia, in what is a pioneering initiative in Spain.

The FP Dual Bankia programme is part of Bankia’s commitment to vocational training, channelled through the Bankia Foundation for Dual Training and its Dualiza Bankia brand, through which it promotes all the vocational training promotion and prestige activities and its dual modality.

At present, the third and fourth promotions, each consisting of 50 students, are in training. The third will conclude in June, while the fourth will conclude next year.

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CONTACT

External Communication Direction

Virginia Zafra de Llera
DIRECTOR OF EXTERNAL COMMUNICATION
vzafra@bankia.com

 

Press Relationship

Guillermo Fernández Martín
DIRECTOR OF PRESS RELATIONSHIP
gfernandezm@bankia.com

Mariano Utrilla Cortijo
mutrilla@bankia.com

Irene Rivas García
irivas@bankia.com

Belén Porras Povedano
bporras@bankia.com

María Campos Lages
mcamposla@bankia.com

María José Cabeza Calderón
jcabeza@bankia.com

 

Digital Communication

Ana Bernad Colás
DIRECTOR OF DIGITAL COMMUNICATION
abernad@bankia.com

Leticia Lucio Álvarez
llucio@bankia.com

María Navarro Caballero
mnavarro@bankia.com

   

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