CaixaBank President highlights MicroBank's social and economic impact

At the European Microfinance Network Annual Conference in Barcelona, CaixaBank President Tomàs Muniesa highlighted the role of microfinance in promoting social cohesion and economic progress. He emphasized the impact of MicroBank, CaixaBank’s social banking subsidiary, which has conducted over 2.1 million operations totaling 16 billion euros since its inception in 2007.

According to MicroBank, these loans have contributed to the creation of more than 400,000 jobs. Muniesa noted that MicroBank holds a leading position in the European microfinance sector, accounting for 58% of the microcredit portfolio in the European Union and 42% of the total European portfolio. In Spain, MicroBank represents 90% of the country's microcredits.