CaixaBank Food&Drinks reaches 116,000 establishments

CaixaBank’s specialized Food&Drinks vertical has reached a milestone of over 116,000 establishments in the hospitality sector five years after its launch. Since its inception in February 2021, the division has facilitated more than 100,000 operations, totaling a volume exceeding 2.5 billion euros.

The division has seen a 30% increase in its client base, growing from 80,000 to over 116,000 establishments, representing an average annual growth rate of more than 5%. This expansion has resulted in 35% of the turnover from these businesses being channeled through CaixaBank, up from 25.5% in 2020.

To support this sector, the bank utilizes a network of more than 2,200 specialized managers. To mark the fifth anniversary, the bank has also promoted the book ‘Restaurantes Singulares’, which highlights 54 unique hospitality projects across Spain for their gastronomic proposals and business resilience.