The last of the Valencian savings banks, Caixa Ontinyent achieved a net profit of 11.3 million in 2024, 16.81% more That in the previous year, as explained by the president of the entity, Jose Pla, and the Director General, Vicente Penadés, in the presentation of results of the entity.
He Business volume of the box has grown 4%, which is at 2,669 million eurosand delinquency has been reduced by 2.47%despite the initial forecasts that included an increase, being covered by 80.44%. According to its general director, Vicente Penadés, it has been “an exercise of growth and expansion.”
The distribution proposal of these benefits that will rise to the General Assembly contemplates allocating 89% of the result to reservations and 11% to social workallowing to increase The capitalization level of the entity up to 18.91% in CET1“well above” of what was required by the Bank of Spain, and enhance the shares of its social work, which increases its budget to 1.8 million euros.
The general director has also highlighted the firm commitment to technology that from Caixa Ontinyent is being carried out. “In such a digitalized and constantly evolving world towards artificial intelligence, with all the uncertainties it entails, our bet is clear: constant renewal of equipment and applications to offer our services with the greatest accessibility, diversity and safety for our clients,” he defended.
The box has carried out in 2024 a “deep renewal of equipment, applications and processes beyond the current demands of a very concerned and focused on the privacy of data and safety in its treatment.” In 2024 two new latest information centers have been incorporated; The staff of professionals in technology and systems has increased and has expanded the 24 -hour digital office service and on weekends.
Offices in Alicante and Paterna
Caixa Ontinyent is immersed in the development of its strategic plan 2023-2025, with the point of view in its consolidation as a “reference entity” in the Valencian Community. To do this, as José Pla explained, he has acted on various fronts. “We have expanded our geographical area with new offices in Alicante and Paterna, and we will continue with that plan during the next few years. And, of course, maintaining, wherever we go, the essence of an entity committed to its environment, “he said.
In 2024, the social work of Caixa Ontinyent developed 539 activities, collaborated with 235 groups and directly benefited more than 168,000 people. The results obtained, together with other remnants, recovery and income, allow a social work budget of 1.8 million euros.
For this 2025, the transfer of the 24 centers implanted in various locations (of playgrounds and senior, cultural, Alzheimer’s, people with disabilities, etc.) will be maintained, which will continue an activity that has 272 workers and almost 25,000 users.
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