Informe_Anual_Cecabank_2016_ENG

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What does Cecabank’s overseas network consist of and what services does
it provide?
Cecabank’s international business has two levers for growth: its correspon-
dents network and its overseas branch network
The correspondents network covers all countries across the world, with more
than 2000 banks, and the overseas branch network includes an operational
branch in London and two representative offices in Paris and Frankfurt. These
three centres are key to the development of our Strategic Plan because they
are in places where major institutions are located, such as the EBA in London,
the ESBG in Brussels, ESMA in Paris, and the ECB in Frankfurt.
As well as institutional representation work we also promote all of Cecabank’s
business areas from our overseas network - the transactional elements and
financial services
What would you say were the highlights of 2016?
In 2016 our London branch was consolidated as a driver for the bank’s interna-
tional business as a whole, based fundamentally on the transactional side on
payments in currencies, but also boosting our company’s financial business.
As you know, Brexit happened in 2016, and at Cecabank we saw it as an
opportunity to channel more international business towards Spain.
Over the course of the year we have bolstered our relationships with cham-
bers of commerce and have put on industry events with participation from all
branches. We have also consolidated our relationships with pension-paying
organisations, which attract a vast flow of payments to our company.
Our branches also serve as commercial antenna and for cross-selling all the
services our company offers.
Interview
“From our overseas
network we will
promote all areas of
Cecabank’s business -
both the transactional
elements and
financial services”
Idoya Aramendi
Overseas Network
Cecabank 2016 Annual Report Page 78
05 OUR BUSINESS MODEL
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