EIB contributes to digitalization of Spain’s CaixaBank

EIB contributes to digitalization of Spain’s CaixaBank


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EIB Vice-President Emma Navarro and CaixaBank’s CEO Gonzalo Gortázar have signed an agreement in Barcelona, under which the European Investment Bank, will support CaixaBank’s innovation strategy and finance the implementation of various investments to transform and digitalize the institution’s IT infrastructure with new technologies for modernizing customer access to information and improving transaction security.
These investments agreed between the two partners will amount to €70 million and are in line with EIB’s commitment to promote digitalization.
In addition to this agreement, the EIB Group and CaixaBank have also agreed to provide € 600 million for new projects of Spanish SMEs and mid-caps.
The agreement was made possible by the support of the European Fund for Strategic Investments, which is the main pillar of the Investment Plan for Europe, known as the “Juncker Plan”, and will make more resources available to CaixaBank for providing loans to SMEs.

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