Name

Bancofar

Legal name

CBNK Banco de Colectivos S.A.

Website

https://bancofar.es

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Specialized Retail Banking

NAICS

Commercial Banking (522110)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Retail Wealth & Bancassurance Distribution (Investment & Insurance via Bank) (FSABAAAJ), Digital Wallets & Account Aggregation Hub (Multi-account, Stored Value) (FSAGAAAD), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Customer Experience & Engagement (CRM, Support, Rewards, Loyalty) (FSAGAAAM)

Keywords

• Specialized retail banking
• Professional collective banking
• Term deposit products
• Investment fund management
• Pension plan administration

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking revenue from lending activities including personal loans, mortgages, and credit facilities
2. Deposit Taking: Attracting customer deposits with competitive interest rates on savings accounts and term deposits
3. Investment Products Distribution: Distribution of investment funds, discretionary portfolio management, and brokerage services through CBNK Gestión de Activos
4. Pension Plans: Management and distribution of pension plans including PPES and individual pension plans
5. Insurance Products: Distribution of insurance products through CBNK Mediación de Seguros including health, life, home, and professional liability insurance

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

CBNK Banco de Colectivos (formerly Bancofar) is a private Spanish retail bank that delivers transactional accounts, term deposits, personal and mortgage loans, business credit lines, bank guarantees, investment funds, discretionary portfolio management, securities brokerage, pension plans, payment cards, and a broad insurance catalogue to defined professional collectives — primarily pharmacists/healthcare professionals and engineers — alongside retail consumers, SMEs, private banking clients and expatriate professionals. Distribution combines a nationwide physical branch network staffed by dedicated relationship managers with a digital onboarding platform, online banking portal, iOS/Android mobile app, and mobile payment integrations (Bizum, Apple Pay, Google Pay, SmartCash).

Product overview

CBNK Banco de Colectivos operates as a specialized Spanish banking institution serving professional collectives with a comprehensive suite of financial products and services. The bank offers a multi-segment platform architecture comprising personal banking (Personas), business banking (Empresa), private banking (Banca Privada), specialized engineering banking (Ingeniería), and health/pharmacy banking (Salud) segments. The core product portfolio includes transactional accounts (Cuenta Transparente, Mi Primera Cuenta CBNK, Cuenta Empresa), diverse savings deposits (Depósito Nómina, Depósito Variable, Depósito Extra a 12 meses, and combined deposit products with GDC/FI/PP), financing solutions (Préstamos personales, Hipoteca CBNK, Financiación sostenible, Póliza de crédito), investment products (Fondos CBNK including infrastructure funds, Gestión discrecional de carteras, Intermediación Bursátil), pension plans (PPES CBNK Futuro Salud, CBNK Futuro RF/RV series), card products (debit cards, Visa Classic, Visa Oro, Vía-T), and comprehensive insurance offerings. The CBNK Móvil App provides mobile banking access, while payment integrations with Bizum, Google Pay, and Apple Pay enable modern transaction capabilities. Specialized programs include FarmaSmart community for pharmacy customers, IMPULSA for women entrepreneurs, and Más CBNK loyalty program, delivered through personalized service with sector-specific expertise.

Differentiator

Problem solved

Functional benefit

Products and services

• Cuenta Transparente Basic checking account with transparent fee structure for individual retail customers.
• Mi Primera Cuenta CBNK Entry-level checking account designed for first-time banking customers with essential banking services.
• Cuenta corriente en Divisa Foreign-currency checking account enabling customers to hold and manage balances in multiple currencies, available for both individuals and businesses.
• Cuenta de pago básica Regulatory basic payment account meeting Spanish requirements for essential banking services access.
• Cuenta Empresa Business checking account tailored to the transactional and operational needs of corporate/SME customers.
• Depósito Nómina 12 meses 12-month term deposit requiring salary or pension direct deposit, offering competitive rates up to 2.50% TAE for new external deposits, capped at 25 million euros issuance.
• Depósito Extra a 12 meses 12-month term deposit yielding 2.10% TIN (2.117% TAE) on deposits up to 100,000 euros, with 75% interest penalty for early withdrawal.
• Depósito Variable Variable-rate term deposit with flexible terms for savings accumulation, available to both individuals and businesses.
• Depósito Bienvenida 12-month welcome deposit for new customers with promotional interest rates designed for new-customer acquisition.
• Depósito con GDC (Gestión Discrecional de Carteras) Combined deposit and discretionary portfolio management product offering up to 2.75% TAE with a 60,000 euro minimum total investment (10,000 euro deposit plus 50,000 euro in discretionary portfolio management).
• Depósito con FI (Fondos de Inversión) Combined deposit paired with an investment fund offering up to 2.75% TAE for new external deposits, capped at 25 million euros issuance.
• Depósito con PP (Planes de Pensiones) Combined deposit bundled with a pension plan investment for retirement savings.
• Préstamos personales Personal loans for individual financing including home improvements, vehicle purchase and other personal needs.
• Hipoteca CBNK Mortgage loan products for residential home purchase offered under specialised bank-customer terms.
• Financiación sostenible Sustainable financing aligned with ESG criteria and UN Sustainable Development Goals for environmentally conscious personal borrowing.
• Póliza de crédito Flexible revolving business credit line facility for corporate/SME customers with drawable capacity as needed.
• Avales Bank guarantees and surety bonds for businesses requiring performance, payment or technical bonds.
• Fondos CBNK Family of investment funds managed by wholly-owned subsidiary CBNK Gestión de Activos covering equity, fixed income, mixed and infrastructure strategies.
• Fondo CBNK Selección Infraestructuras Infrastructure-focused investment fund investing in sustainable infrastructure projects.
• Gestión discrecional de carteras Discretionary portfolio management service in which CBNK experts manage customer investment portfolios on the customer's behalf.
• Intermediación Bursátil Securities brokerage and stock trading services for executing investment transactions on customer instructions.
• Buscador de fondos Investment fund search and comparison tool letting customers find and compare funds available in the market.
• Plan de Pensiones CBNK Futuro (Salud, RF CP, RF LP, RF Mixta, RV Mixta, RV) Family of individual pension plans administered by CBNK Pensiones covering short-term fixed income (Futuro RF CP), long-term fixed income (Futuro RF LP), mixed fixed income (Futuro RF Mixta), multi-asset moderate (Futuro RV Mixta — awarded Best Multi-Asset Moderate Pension Plan by Expansión), equity (Futuro RV), and a health/pharmacy-focused employment-related pension plan (PPES CBNK Futuro Salud). Includes a transfer-in service (Trae tu Plan de Pensiones) for moving existing pension plans to CBNK.
• Tarjeta de Débito / Tarjeta de Débito Business Standard debit card for personal everyday purchases and ATM withdrawals, with a Business variant for corporate customers including expense tracking.
• Tarjeta de Crédito (Visa Classic, Visa Oro, Business) Classic and Gold Visa credit cards with standard or premium benefits, plus a Business credit card variant for corporate expenses.
• Vía-T Electronic toll payment card for use on Spanish highways and toll roads.
• Seguros Personales (Salud, Vida, Hogar, Auto, Decesos, Viajes, Impagos Alquiler, Comunidades, Rentas Vitalicias) Personal insurance catalogue distributed through CBNK Mediación de Seguros covering health, life, home, auto, funeral expenses, travel, rental payment protection, community property and life annuity insurance.
• Seguros Empresas y Profesionales (Multirriesgo Farmacia, RC Profesional, RC D&O, Decenal, Todo Riesgo Construcción, Ciberseguridad, Caución técnica, Accidentes Convenio, Incapacidad Laboral Temporal) Business and professional insurance catalogue including multi-risk pharmacy, professional liability for engineers, D&O liability, decennial structural warranty, all-risk construction, cybersecurity, technical surety bonds, group accident and temporary disability cover.
• CBNK Banca Partner Partner-banking distribution channel for business associations and commercial partners offering bundled banking services to their member networks.
• FarmaSmart Exclusive community for CBNK pharmacy customers providing solutions, advantages and benefits for pharmacy business growth as part of the CBNK Salud segment.
• Programa Más CBNK / Programa Más CBNK Farma Loyalty and rewards program offering benefits and exclusive deals for CBNK retail customers, with a specialised Farma variant for pharmacy customers in the CBNK Salud segment.
• IMPULSA – Financiación Emprendedoras Pioneering women-entrepreneurs financing program backed by a 150 million euro European Investment Bank loan to CBNK, the first EU intermediate program directed entirely at women entrepreneurs.
• CBNK Expatriados Banking services designed for Spanish professionals living abroad (notably engineers), including international banking, foreign-currency accounts, currency exchange and cross-border transfers.
• SmartCash Cash management service offered within the CBNK Salud segment for pharmacy customers to handle point-of-sale cash flows.
• Pago móvil (Bizum / Apple Pay / Google Pay) Mobile payment service enabling contactless payments via smartphone using Bizum, Apple Pay and Google Pay.
• CBNK Móvil App Native iOS and Android mobile banking application enabling customers to manage accounts, view balances, execute transactions and access banking services on mobile devices.

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature1 record

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mediolanum España: Spanish subsidiary of Banca Mediolanum focused on relationship-based personal banking with high cross-sell into savings, pensions, and investment products. Comparable to CBNK's relationship-manager model and product-vertical cross-sell.
• Bankinter: Spanish bank with a long-standing strategy of segmenting customers into specialized cohorts (professionals, enterprises, private banking). Bankinter's 'Bankinter Professional' line directly parallels CBNK's professional-collective model, making it the closest direct competitor on positioning even though Bankinter is substantially larger.
• Andbank España: Private banking franchise operating in Spain with a relationship-manager-driven model serving HNW clients, comparable to CBNK's Banca Privada segment and the personal-manager-based distribution approach.

Broad incumbents

• Kutxabank: Spanish regional bank offering retail, business, and private banking across a physical branch network with digital channels. Comparable in scope to CBNK but without the explicit professional-collective segmentation.
• BBVA: One of Spain's largest universal banks, offering retail, business, and private banking with substantial digital investment. Competes against CBNK in mainstream retail and SME banking but cannot replicate CBNK's depth in pharmacy/engineering verticals.
• CaixaBank: Spain's largest retail bank by customer base with a deep physical branch network across the country. Sets the competitive baseline for Spanish retail deposit gathering and product breadth that CBNK must differentiate against.
• Banco Sabadell: Major Spanish commercial bank with strong SME and professional client focus through its BStartup and business banking franchises. Sabadell competes for the same professional and SME segments but at significantly greater scale.
• Unicaja: Spanish retail and SME-focused bank with a multi-segment platform (personal, business, private banking). Similar in scale range to CBNK and overlapping in target customer mix, but without CBNK's vertical specialization.
• Ibercaja: Mid-sized Spanish retail and business bank operating through a multi-segment platform across retail, business, and private banking. Ibercaja is comparable in product breadth and Spanish footprint, though it is broader-based rather than CBNK's vertical specialization.

Emerging players

• Triodos Bank: European values-based bank with Spanish operations that has differentiated on sustainability and ESG positioning. Comparable to CBNK on the 'specialized niche positioning' theme, though Triodos focuses on ethical/sustainable finance rather than professional collectives.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/bancofar
• YouTubeyoutube.com/@CBNK_Banco
• Facebookfacebook.com/bancofar
• LinkedInlinkedin.com/company/bancofar
• Instagraminstagram.com/cbnk_banco

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 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 Bancofar