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Cecabank Report 2018
About Cecabank
Regarding Cecabank’s activity in the
marketplace for remittances and
pensions towards Spain
, the
Paris and Frankfurt branches
have continued
to work in maintaining the market share of processes remittances and
pensions. Currently, the volume of this activity amounts to 55% of the
total pensions sent to our country. Cecabank’s presence in Portugal allows
expanding the service offering to the entire Iberian Peninsula and working on
promoting this global offering, which opens new business opportunities with
the institution’s clients.
Cecabank’s overseas network has a
support team in Madrid
which deals
with the operational handling of payment methods in foreign trade and
international guarantees, as well as providing support to pension agreements
and immigrant remittances.
There is a
Customer Service
specialising in resolving problems and providing
advice to pensioners, beneficiary entities in Spain, senders’ correspondent
banks, and payer entities.
Correspondent’s network
Cecabank maintains a
broad network of correspondents worldwide
, which
is essential to us carrying out all the transactions and payments allowing us
to give the level of coverage we need to provide the services offered. This
gives Cecabank great international standing.
The solid alliances and collaboration agreements held with a large number of
international financial entities
enable us to create new synergies
leading to
an expansion of services we already provide and innovation in new products.
This year, Cecabank has continued
increasing the currencies in which it
provides service
and it has optimised and streamlined the correspondents
that make up the network in order to reduce costs and any unnecessary and
processes.
In the marketplace for
remittances and pensions
towards Spain, the bank
processes 55% of the total
pensions sent to Spain
Broad network of
correspondents
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