What CBNK does

CBNK Banco de Colectivos S.A. is a private Spanish retail and commercial bank formed in 2023 through the merger of Banco Caminos and Bancofar, headquartered at Calle Almagro 8, Madrid. The bank targets "essential professional collectives" (colectivos esenciales) — primarily civil engineering professionals through its CBNK Ingeniería sub-brand and pharmacy/healthcare professionals through its CBNK Salud sub-brand — while also serving private banking, expatriate, and SME segments. Its institutional lineage traces to 1977 as a cooperative credit union serving the Colegio de Ingenieros de Caminos, Canales y Puertos, evolving through bank licensing in 2008 and the 2014 addition of Bancofar, before consolidating under the unified CBNK brand in 2023.

The bank operates a traditional retail banking platform on top of digital channels. Core products span current accounts (Cuenta Transparente, youth accounts, currency accounts), time deposits (12-month nómina, bienvenida, combined deposits paired with funds/portfolios/pensions, Euribor-linked variable), consumer and mortgage financing (including sustainable lending), proprietary and third-party investment funds, discretionary portfolio management (CBNK Selección / Premium tiers), stock brokerage, pension plans (CBNK Futuro series), cards (debit, Visa Classic/Oro, Vía-T), and insurance (rent protection, life, home, community, professional liability for engineers). Underlying infrastructure includes mobile apps on iOS and Android, web banking, peer-to-peer payments via Bizum, and tokenized payments via Apple Pay and Google Pay. Wholly-owned operating subsidiaries cover asset management (CBNK Gestión de Activos, CNMV 126), pension fund management (CBNK Pensiones), and insurance brokerage (CBNK Mediación de Seguros).

Commercial economics derive from four streams: net interest income on lending and deposits; quarterly account maintenance commissions of €25 (waivable under the Más CBNK loyalty program with €100,000+ holdings, sub-26 age, or shareholder status); asset management and pension management fees; and insurance brokerage fees. The go-to-market is relationship-led via a 21-branch national footprint, dedicated account managers per professional segment, on-site presence at engineering and pharmacy colleges, and a developed digital channel mix. The 2024 €150 million European Investment Bank facility under the IMPULSA program adds institutional origination capacity directed at women entrepreneurs in Spain, expanding the addressable lending market beyond the traditional professional collective base.

Name

CBNK

Legal name

CBNK Banco de Colectivos S.A.

Website

https://cbnk.es

Company type

Private

Founded year

2023

Operating status

Operating

Short description

CBNK is a private Spanish bank serving "essential professional collectives" — primarily engineering and healthcare professionals — through 21 branches and digital channels offering accounts, deposits, financing, investments, pension plans, insurance, and brokerage products.

Ownership category

akta.pro rank

Product category

Retail Banking (Professional Collective Banking)

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211), Portfolio Management and Investment Advice (523940)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industries

Bank-Affiliated Retail Wealth Management (FSAAAAAB), Retail Wealth & Bancassurance Distribution (Investment & Insurance via Bank) (FSABAAAJ)

Keywords

• Retail banking services
• Professional collective banking
• Term deposit products
• Wealth management services
• Mortgage and lending

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices22 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income: Traditional banking interest income from lending activities including personal loans, mortgages, and credit facilities. Interest-bearing deposits and investment products generate returns for the bank.
2. Commissions and Fees: Account maintenance fees (25€ quarterly unless conditions met), transaction fees, investment product commissions, and insurance brokerage fees through CBNK Mediación de Seguros.
3. Asset Management: Revenue from managing investment funds and pension plans through CBNK Gestión de Activos and CBNK Pensiones subsidiaries.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels10 records

Core offering

CBNK is a Spanish bank providing retail, wealth management, and SME banking products and services exclusively to 'essential professional collectives' — primarily civil engineers (CBNK Ingeniería) and pharmacists/healthcare professionals (CBNK Salud), with extensions into private banking and expatriates. Its core offering includes current and savings accounts, term deposits, personal loans and mortgages, investment funds, discretionary portfolio management, brokerage, pension plans, payment cards, and a broad insurance catalogue distributed through a 21-branch Spanish network plus mobile and online banking.

Product overview

CBNK is a Spanish bank serving 'essential collectives' (colectivos esenciales), primarily engineering and healthcare professionals. The bank operates as a unified platform with multiple sub-brands (CBNK Salud, CBNK Ingeniería, Banca Privada, Banca Partner) serving different segments. Core banking products include current accounts (Cuenta Transparente, Mi Primera Cuenta CBNK), term deposits (Nómina, Bienvenida, Variable, Combined products), and financing (personal loans, mortgages, sustainable financing). Investment services encompass proprietary funds (Fondos CBNK), discretionary portfolio management, and brokerage. The bank also offers pension plans, insurance products, and specialized services like SmartCash for merchants. The Más CBNK loyalty program provides commission-free services for qualifying clients.

Differentiator

Problem solved

Functional benefit

Brands

• Programa Más CBNK: Customer loyalty program offering reduced commissions for linked customers meeting certain criteria such as portfolio value over €100,000, age under 26, or CBNK shareholder status.
• CBNK Futuro
• FarmaSmart
• IMPULSA

Products and services

• Cuenta Transparente

Quantifiable outcome

• CBNK Futuro Renta Variable Mixta PP recognized as best pension plan in Multiactivo Moderado category by Expansión

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Cajamar Caja Rural: Spanish cooperative bank focused on SMEs, agriculture, and specific professional segments — comparable cooperative-rooted governance model and vertical-specialization approach serving defined professional groupings.
• Laboral Kutxa: Spanish cooperative bank originating from worker and professional cooperatives — similar cooperative roots, regional branch network, and relationship-banking culture within Spain.
• Bankinter: Large Spanish commercial bank historically strong in SME and professional segments (notably ex-CajaMadrid inheritance) with an industry-leading digital platform — represents the scaled, public-market incumbent that CBNK competes against for the same Spanish professional clientele.
• Ibercaja Banco: Mid-sized Spanish regional bank with deep pension and insurance distribution via bancassurance — comparable in scale, Spain-only footprint, and integrated wealth + insurance product mix targeted at similar retail customers.

Direct peers

• Banca March: Spanish private and family-owned bank focusing on private banking, corporate banking, and wealth management — comparable in scale, private ownership profile, and concentration on high-touch relationship banking and asset gathering within Spain.
• Caixa d'Enginyers: Spanish cooperative bank exclusively serving engineering professionals — the closest direct peer to CBNK's CBNK Ingeniería vertical, with a near-identical professional-collective membership model, cooperative roots, and Spain-only footprint.
• Banca Mediolanum: Italian bank that pioneered the 'banking for professionals and families' model through personal financial advisors — directly analogous to CBNK's professional-collective relationship-banking approach, with similar cross-sell into funds, pensions, and insurance.

Regional players

• Andbank: Andorran private banking group with growing Spain presence — comparable boutique private-banking positioning, Iberian geographic footprint, and focus on investment advisory and portfolio management for professional and HNW clients.
• Deutsche Bank Spain (Private & Commercial): German-headquartered bank's private wealth and commercial banking franchise in Spain — a relevant comparator for CBNK Banca Privada offering given the high-net-worth professional customer overlap and wealth management cross-sell dynamics.

Emerging players

• Triodos Bank: European values-based bank with a growing Spain franchise — comparable in being a niche positioning (sustainability) within the broader Spanish retail banking market, with differentiated customer targeting versus mass-market banks.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/CBNK_Banco
• YouTubeyoutube.com/@CBNK_Banco
• Facebookfacebook.com/cbnkbanco
• LinkedInlinkedin.com/company/2230922
• Instagraminstagram.com/cbnk_banco

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 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 CBNK