For this banker, one of the main objectives of the Caja Rural de Ciudad Real is "to avoid financial and social exclusion"
Miguel Ángel Calama will be speaking at FENAVIN 2007 about the activities of a Rural Savings Bank in its scope of influence For this banker, one of the main objectives of the Caja Rural de Ciudad Real is "to avoid financial and social exclusion"
The Caja Rural de Ciudad Real forms part of the Caja Rural Group, one of the main banking groups currently operating in Spain, which counts with great financial and asset soundness. Institutions that belong to the Group offer their clients a range of products and services and a quality level that can be perfectly compared -occasionally even higher- to those of the main Spanish banking institutions. On a national scale, the Caja Rural Group counts with the greatest business share in the banking sector (15%) in its whole and with no less than a fourth part of the existing branches.
The aim behind Rural Savings Banks is to promote a financial group of a private nature and cooperative base, combining efforts and collaborating in a common project, allowing improvements in its structures and organizations and guaranteeing future development of Spanish cooperative banking, which is in benefit of its partners and clients. This is one of the keys behind the concept of a 'rural savings bank'; Miguel Ángel Cálama -Director General of the Caja Rural de Ciudad Real and only lecturer on this activity at FENAVIN 2007- defines these banks as "societies of persons with common interests", underscoring the word 'persons'. The Caja Rural de Ciudad Real is, within its scope, a true referent in the company and trade sector and in sectors such as wine, oil or cereal, which are of utmost importance for the provincial economy… where an abundance of small companies are to be found. What is true is that Rural Savings Banks operate exactly the same as any other banking institution, although preferentially they attend their partners first. Given that the cooperative spirit is one of the pillars of these institutions, the normal procedure is to first become a partner and than a client of your local rural savings bank.
In addition, within the Spanish banking-financial system, competence of rural savings banks with other institutions of a non-cooperative nature acts as a modulator for competence, contributing to stability in prices and an elevation in the quality levels. Miguel Ángel Cálama emphatically affirms that "one of the main objectives behind a rural savings bank, and specifically behind that of the Caja Rural de Ciudad Real is to avoid the so-called financial and social exclusion". While banks and savings banks do not establish themselves in locations with populations of less than 5000, Rural Savings Banks indeed do. Thus, with their presence right on the terrain, they insure that productive development of the less favored sectors is supported, also carrying out obvious social work. This support to the productive economy is developed through promotion on three fronts: talent, knowledge and technology.