Grupo Cooperativo Cajamar

What Grupo Cooperativo Cajamar does

Grupo Cooperativo Cajamar is Spain's ninth-largest banking group by assets, operating as a cooperative financial institution headquartered in Almería. The group serves 3.8 million individual and business clients through an extensive network of 944 branches across Spain, supported by multiple rural savings banks (Caixas Rurales) consolidated under the Banco de Crédito Cooperativo (BCC) umbrella. Its core offerings span retail and small-business banking, including checking and savings accounts (Cuenta Online, Cuenta Nómina, Cuenta Pensión, Cuenta Remunerada 360º), term deposits, target-date pension plans (Plan Gestión Futuro 2030/2040/2050), personal and mortgage lending, credit/debit cards with a PlazoX buy-now-pay-later module, and bundled insurance products (life, home, auto, health, accident, funeral).

The group's technology layer combines traditional branch banking with digital channels including the App Grupo Cajamar mobile app, Banca Electrónica, Banca Telefónica, and PSD2-compliant Open Banking APIs (openbanking.grupocajamar.es). Digital features include Bizum instant payments, FirmaMóvil mobile digital signatures, and digital account opening, supplemented by niche capabilities like sustainable loans and a sector-specialized agricultural value proposition (agroalimentario). The cooperative model differentiates Cajamar from investor-owned banks through member-aligned governance.

Revenue is generated through five primary streams: traditional interest income from lending (personal loans, mortgages, credit facilities), banking fees and commissions (account maintenance, card, transaction fees), insurance product distribution (life, home, auto, health, accident, funeral), investment products (pension plans, mutual funds, discretionary portfolio management), and asset management/leasing services delivered via its strategic partnership with Crédit Agricole — which acquired a 9.9% stake in BCC-Grupo Cajamar for €150 million in 2025. Cajamar is also exploring cross-border expansion through a potential tie-up with Portugal's Banco CTT.

Name

Grupo Cooperativo Cajamar

Legal name

Grupo Cooperativo Cajamar

Website

https://grupocooperativocajamar.es

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Grupo Cooperativo Cajamar is Spain's ninth-largest banking group by assets, operating as a cooperative financial institution with 944 branches, 3.8 million clients, and a strategic partnership with Crédit Agricole, offering retail banking, agricultural finance, insurance, investment products, and Open Banking services.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Cooperative Banks (Member-Owned Commercial/Retail) (FSABAEAF)

akta.pro secondary industries

Federations/Centrals & Cooperative Banking Networks (2nd-Tier Co-ops) (FSABAEAL), Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG)

Keywords

• Retail banking services
• Cooperative banking
• Agricultural finance
• Mortgage and lending
• Pension and insurance

Headquarters

HQ city

Almería

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income: Traditional banking interest income from lending products including personal loans, mortgages, and credit facilities
2. Banking Fees and Commissions: Account maintenance fees, transaction fees, card fees, and other banking service commissions
3. Insurance Products: Life, home, auto, health, accident, and funeral expense insurance products through the Group
4. Investment Products: Pension plans, investment funds, discretionary portfolio management, and deposits
5. Asset Management Partnership: Partnership with Crédit Agricole covering asset management, international factoring, vehicle renting, and furniture leasing services

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Grupo Cooperativo Cajamar is Spain's largest cooperative banking group, providing retail banking products and services to 3.8 million individual and business clients through 944 branches and digital channels. The group offers current and savings accounts, term deposits, pension plans, investment funds, personal and mortgage loans, debit and credit cards with installment financing, multi-line insurance, vehicle and equipment renting, and digital banking services including mobile app, online banking, instant payments (Bizum), and PSD2-compliant Open Banking APIs. It also maintains a specialized offering for the agricultural sector (agroalimentario) and self-employed and small/medium business clients.

Product overview

Grupo Cooperativo Cajamar is Spain's ninth-largest banking group by assets, operating as a cooperative financial group composed of Cajamar Caja Rural and multiple rural savings banks (Caixas). The group offers a comprehensive suite of retail banking products and services for individuals, self-employed workers, businesses, and the agricultural sector (agroalimentario). The core product portfolio includes multiple checking and savings account variants (Cuenta Online, Cuenta Nómina, Cuenta Pensión, Cuenta Remunerada 360º), time deposits (Depósito ¡Hola!, Depósito Online, Depósito Nueva Pensión), pension plans (Plan Gestión Futuro series 2030/2040/2050), personal and mortgage lending (Préstamo personal, Préstamo motor, Préstamo sostenible, Hipoteca Mixta), vehicle and equipment renting, credit and debit cards with PlazoX installment capability, insurance products (life, home, automobile, health), and digital banking services via mobile app (App Grupo Cajamar), online banking (Banca Electrónica), and instant payment services (Bizum, FirmaMóvil). The group also provides PSD2-compliant Open Banking APIs for third-party providers.

Differentiator

Problem solved

Functional benefit

Brands

• Wefferent: Online savings account brand offering fee-free banking services
• PlazoX

Products and services

• Cuenta Online Digital checking account for new customers with no administration or maintenance fees, free debit card, and up to 1.52% TAE first-year remuneration on balances up to €50,000 for new customers with active Bizum. Includes up to €750 salary direct-deposit bonus until 31/12/2026.
• Cuenta Nómina Salary account with direct-deposit bonuses ranging from €200 to €750 depending on salary amount, with promotions available until 31/12/2026.
• Cuenta Pensión Pension account with bonus promotions for pensioners who bring their pension to the bank.
• Cuenta Remunerada 360º Remunerated account designed for day-to-day financial transactions with interest on balances.
• Depósito ¡Hola! Welcome deposit account for new customers with competitive interest rates.
• Depósito Online Online deposit account with rates available through digital banking channels.
• Plan Gestión Futuro 2050 Pension plan with target retirement date of 2050, part of the Gestión Futuro pension series.
• Plan Gestión Futuro 2040 Pension plan with target retirement date of 2040, part of the Gestión Futuro pension series.
• Plan Gestión Futuro 2030 Pension plan with target retirement date of 2030, part of the Gestión Futuro pension series.
• Préstamo personal a tu medida Personal loan tailored to customer needs with flexible amounts and repayment terms.
• Préstamo motor Vehicle financing loan for purchasing new or used automobiles.
• Préstamo sostenible Sustainable loan product aligned with environmental and social criteria.
• Hipoteca Mixta Mixed-rate mortgage combining fixed and variable interest rate periods.
• Tarjetas de débito Debit cards for ATM withdrawals and payments with funds directly from the customer's account.
• Tarjetas de crédito Credit cards for purchases with revolving credit capability and various reward programs.
• PlazoX Buy now, pay later installment payment service allowing purchases to be spread over up to 12 months.
• Seguro de vida Life insurance protection for families and dependents.
• Seguro de hogar Home insurance covering property damage and liability.
• Seguro de automóvil Vehicle insurance for cars with comprehensive coverage options.
• Seguro de salud Health insurance for medical expenses and healthcare access.
• App Grupo Cajamar Mobile banking application for iOS and Android enabling account management, transfers, and payments.
• Banca Electrónica Online banking platform for managing accounts, payments, and financial operations via web browser.
• Bizum Instant mobile payment service for sending and receiving money between Spanish bank accounts.
• FirmaMóvil Mobile signature service for secure authentication of banking operations.
• Renting Vehicle and equipment leasing services for individuals and businesses.
• Open Banking API Platform PSD2-compliant Open Banking API platform enabling Third-Party Providers (TPP) to access financial data and build digital payment solutions, allowing secure information sharing between financial entities and companies offering innovative financial products.

Quantifiable outcome

• Spain's ninth-largest bank by assets with 3.8 million clients
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Banco CTTminorStrategic or Co-development Partner · 22 July 2026Cajamar is exploring a potential alliance with Portuguese banking entity Banco CTT, the banking subsidiary of CTT-Correios de Portugal. Discussions are private and preliminary; CTT has engaged BNP Paribas to evaluate strategic options. A potential deal would give Cajamar immediate access to the Portuguese retail banking market.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bankinter: Spanish listed retail and commercial bank with strong SME and digital offering; comparable retail/SME customer base and Spanish-market focus, though listed rather than cooperative.
• Kutxabank: Spanish cooperative banking group formed from Kutxa, BBK, and Vital — directly comparable to Cajamar as another member-owned Spanish banking group with regional branch network and retail/SME focus.
• Laboral Kutxa: Spanish cooperative bank owned by Lagun Aro and MONDRAGON; comparable cooperative retail/SME banking model with branch network and agricultural exposure in northern Spain.
• Ibercaja: Spanish regional bank with caja (savings bank) heritage, focused on retail and SME banking in Aragón and surrounding regions; similar mid-tier scale and branch-heavy model as Cajamar.
• Unicaja: Spanish savings bank (caja) with listed status and retail/SME focus, strong presence in southern Spain — overlapping territory with Cajamar and similar customer base.

Broad incumbents

• CaixaBank: Spain's largest retail bank by customers, evolved from La Caixa; broad incumbent with overlapping retail/SME and agricultural customer base, but significantly larger scale and digital infrastructure.
• Banco Santander: Global Spanish bank with major Spanish retail franchise; broad incumbent with overlapping retail and SME customer base though much larger scale and international diversification.
• BBVA: One of Spain's two largest banks with full-service retail, SME, and corporate offerings; comparable customer segments but vastly larger scale and global footprint.

Others

• Crédit Agricole: World's largest cooperative bank and Cajamar's strategic 9.9% shareholder and preferred provider; adjacent comparable as a cooperative banking model and directly relevant as Cajamar's partnership counterparty.

Regional players

• Caja Rural de Granada: Spanish rural cooperative bank serving agricultural and retail customers in Granada; comparable rural cooperative model and agro specialization though smaller scale and narrower geography.

Market position

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Cajamar
• YouTubeyoutube.com/c/cajamar
• Facebookfacebook.com/cajamar
• LinkedInlinkedin.com/company/grupocajamar
• Instagraminstagram.com/grupo_cajamar

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grupo Cooperativo Cajamar