Cecabank's Training School certifies more than 4,000 employees in the Real Estate Credit Contracts Act (LCCI)

3 October 2019
  • Cecabank's Banking Training School has two official certifications: LCCI and MiFiD II
  • It demonstrates long-standing experience as a certifying institution, with more than 17,000 students having taken exams on MiFiD II and LCCI

Cecabank is one of the first entities recognised by the Bank of Spain as a certifier of the Real Estate Credit Contracts Act (LCCI). It has already trained more than 4,000 employees from all over Spain in the knowledge and skills required by law to work with mortgage products. The certified personnel not only come from the financial sector, but also from the world of consultancy, real estate and service companies, among others.

The Cecabank Banking Training School (EFB), an academic institution with more than 40 years of experience, has been recognised as an official MiFID II certifier by the CNMV since 2012. It trains and tests all personnel that provide investment services and that must comply with the ESMA experience and knowledge requirements to be able to continue providing such services.

In this way, the EFB demonstrates its broad capacity for certifying banking employees. It has two official certifications: LCCI and MiFiD II. These two courses have added to its long-standing experience as a certifying institution, with more than 17,000 students tested.

Further protection for the customer

Cecabank's certification processes are designed to strengthen customer protection. The comprehensively meet the knowledge requirements required by the competent body in each case: CNMV or Bank of Spain, as applicable. The ultimate goal is to ensure that the customer receives adequate information suited to his or her needs and interests.

The goals of the Real Estate Credit Contracts Act include the following: fostering an increasingly transparent, efficient and competitive internal market; promoting stability when granting and contracting credit and increasing consumer protection. In fact, notary offices take a more prominent role in the new pre-contractual stage, giving free advice the borrower regarding the operation they are signing.

According to the law, companies must invest in the training of their employees in real estate credit, in order to guarantee that they hold the appropriate knowledge and skills to achieve a high level of professionalism, values and principles.

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