Home > Caja Madrid Group > About us
About us
Caja Madrid is a financial institution with a social remit which in the last 300 years has successfully carried forward a two-fold enterprise: the advancement of a social and financial agenda that expresses our organisational purpose (Origins).
Caja Madrid is a leader in this social function by the length and strength of its commitment and the quantity of funds allotted. From its beginnings, the institution has given a large portion of its profits back to society through Obra Social Caja Madrid and Fundación Caja Madrid, contributing to the socioeconomic progress of the communities where it does business. In 2007, the sum of €226.2 million was spent on the programmes run by Obra Social and Fundación Caja Madrid.
Financially, Caja Madrid is Spain's fourth largest group with total business volumes of €258,622 million at the 2007 close, and an attributed net profit of €2,861 million.
The Group
The Caja Madrid Group is made up of 41 dependent companies which engage in activities supplementing those of the parent in the areas of insurance, investment and finance management, healthcare, services and development capital, among others.
Corporación Financiera Caja Madrid, owned 100% by Caja Madrid, is a holding company at the head of a corporate group operating in financial asset management and intermediation, private banking, insurance, real estate and development capital.
In 2007, the Finance Corporation took a step forward in its growth strategy, based on the forming of alliances with major groups in each of its sectors. In January, it set up Global Vía Infraestructuras S.A. with FCC to pool the infrastructure assets owned by both partners.
This marks the continuation of a strategy dating back to the year 2000 and the alliances formed with the Mapfre and FCC groups in insurance (Mapfre Caja Madrid Holding, S.A.) and real estate business (Realia Business, S.A.). Both companies kept up their solid progression in 2007, generating increased business and raising their contribution to Group earnings. In June 2007, Caja Madrid and FCC launched an initial public offering for 49% of Realia Business, the aim being to boost the company’s international expansion.