Ibercaja continues to consolidate its position as one of the key players in the Spanish financial sector with a solid performance in its Corporate Banking area. The entity reported a 11% year-on-year increase in its volume of activity, reaching 13,000 million euros, thanks to a strategy focused on sustained growth, diversification of services and attracting new customers in a highly competitive market environment.
This result confirms the fourth consecutive year of growth in market share in the business segment, which has advanced 14 basis points in the last year and accumulated an increase of47 basis points since 2021, standing at 1.78% of the Spanish market.
Growth in credit and portfolio diversification
Ibercaja’s positive performance in this segment has been driven by a generalized increase in lending volumes. Between January and October 2024, the traded volume of current creditsurpassed €8.8 billion, a growth of 4% over the same period of the previous year. According to the bank’s forecasts, this figure could exceed 11 billion euros by year-end.
Additionally, new production of loans, credits and leasing for non-real estate companies reached 2,660 million euros, up 13% year-on-year, highlighting the dynamism of products such as factoring and leasing for productive equipment. The latter recorded a growth of 24% in volume formalized, with a market share of 2.5%.
Increase in the business customer base
Ibercaja’s strategy has also succeeded in expanding its business customer base. In year-on-year terms, the number of SME customers grew by 2.3%, while large corporations increased by 6.17%, now accounting for 44% d of the bank’s business credit balance.
Ibercaja currently works with more than 70,000 SMEs and microenterprises, as well as with a third of Spain’s large corporations, including 60% of the companies in the Ibex 35. This diversified approach reinforces the strength of its portfolio, spreading risk and maximizing business opportunities.
Financial strength and low non-performing loans
The growth recorded in Ibercaja’s Corporate Banking is framed within a context of financial stability and low credit risk. The non-performing loan ratio of the entity stands at 1.66%, significantly below the average of the Spanish financial system (3.43%). In the corporate segment, non-performing loans remained under control, with an accumulated increase of*0.33% over the year, reaching 2.76% at the end of October.
Strategic plans towards 2026
Looking ahead, Ibercaja has set ambitious goals in its new Strategic Plan, which envisages:
– Exceed 15,000 million euros in business credit business volume.
– To increase its customer base to 90,000 companies.
– To increase the weight of corporate loans to 30% of the bank’s total assets.
To achieve these objectives, the bank is committed to investing in the training of its commercial team, the adoption of advanced technology and the development of sustainable and innovative solutions. Currently, the Corporate Banking area has 500 specialized professionals and 25 specialized centers throughout Spain.
Innovation and commitment to companies
Ibercaja is developing new digital capabilities and solutions designed specifically for its business customers. Initiatives such as Easypay, which facilitates the financing of domestic payments, and advanced business intelligence tools to anticipate the needs of companies, stand out.
Commitment to sustainability also plays a key role in the bank’s strategy, with a clear focus on financing projects that contribute to the development of a more solid and environmentally friendly economy.
The results obtained by Ibercaja in its Corporate Banking area reflect the success of a strategy focused on sustainable growth, diversification and customer proximity. With an upward trajectory in recent years and ambitious goals for 2026, the entity reaffirms its position as a key financial partner for companies of all sizes in Spain.
