AEB and CECA reaffirm their commitment to supporting society

The associations seal the ‘Strategic Protocol to Reinforce the Social and Sustainable Commitment of Banking’

They launch an Observatory for Financial Inclusion and enhance other measures regarding employee training, financial and digital education, sustainability, digitalization, and remuneration

The banking associations AEB and CECA have signed a document committing to promote a series of action principles among their entities to strengthen their support for society and channel it through specific measures.

In the current context, marked by the crisis arising from the pandemic, the associations have sealed the ‘Strategic Protocol to Reinforce the Social and Sustainable Commitment of Banking’, after promptly informing the General Secretariat of the Treasury of its content and development.

This document includes measures to promote: staff training, relocation and efficient job allocation, maintaining the activity of retired professionals, financial and digital education, financial inclusion, sustainability, digitalization, and measures related to remuneration.

One of the measures is the creation of an Observatory for Financial Inclusion, which will draft and update the map of access to financial services in rural Spain, so that in the future, mechanisms may be jointly devised between the sector and public administrations to expand access to basic financial services for the population.

The banking sector is closely linked to the economic growth of the country. Through its activities, it has supported entrepreneurship, the creation of companies, with a special focus on SMEs, family financing, and the promotion of new social and environmental projects, contributing, ultimately, to the development of the communities in which it operates.

Moreover, the banking sector has a long history of supporting society through various actions, which notably include support for the financial education of young people and the elderly, the continuous promotion and financing of development and integration initiatives for the most disadvantaged groups, and investment in historical and cultural heritage.

Now that we are beginning to see signs of recovery, it is the right moment to demonstrate that banking, although affected by economic circumstances, not only wants to maintain its support for families and businesses but to strengthen it, for the benefit of Spanish society as a whole.