Spain: 270 NGOs benefit from compliance with Bankia employees’ objectives

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BankiaThis article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Bankia has allocated more than one million euros to support, through the Red Solidaria program, a total of 270 NGOs from all the autonomous communities thanks to the fulfillment of the objectives of the bank's employees during the first six months of the year.

The financial institution has increased almost 60% the investment destined to this program in the first semester with respect to the same period last year. Specifically, until June it has mobilized a total of 1,031 million euros compared to the 652,000 euros it dedicated in 2017.

Red Solidaria is a project that recognizes the fulfillment of the business objectives of Bankia workers, transforming them into aids to social projects selected by the employees themselves. Supports and supports NGO initiatives with a grant that varies between 1,000 and 10,000 euros per year.

In the first half of the year a total of 82,500 people have benefited from this program, which promotes labor integration, care for people with disabilities, local development and attention to situations of poverty and people at risk of exclusion.

"Red Solidaria is a program that depends on the daily work of the bank's employees, which reinforces its symbolism. It allows us to demonstrate the professionalism and social commitment of all the professionals who work at Bankia and to commit ourselves to close solidarity projects," underlined the director of Corporate Social Responsibility at Bankia, David Menéndez.

Menéndez stressed that "this is a motivation for bank employees and a good example of sustainability of a company," and that, in addition, "one of the great strengths of Red Solidaria is its great capillarity, since it manages to support projects in all the Spanish provinces."

Projects by CC.AA

Bankia has allocated almost 300,000 euros to launch 71 social projects chosen by employees in the Community of Madrid; about 150,000 euros to develop 39 programs of NGOs of the Valencian Community and almost 100,000 euros to promote a total of 28 initiatives of associations and foundations of Andalusia; 25 of Catalonia and 20 of Castilla y León.

The entity has also allocated more than 60,000 euros to support 15 projects in Castilla-La Mancha; almost 50,000 euros to the promotion of 13 social programs of the Canary Islands and about 30,000 euros to develop 14 initiatives in the Region of Murcia, seven in La Rioja and six in Galicia. Red Solidaria will also allow, thanks to the fulfillment of the objectives of the employees, that ten projects in the Balearic Islands can be launched with an investment of 18,000 euros.

The contribution made has been the result of the results achieved by all the entity's directorates: Retail Banking, Business Banking, SMEs, Private Banking, Specialized Businesses, Multichannel Businesses and Central Services.

In the five previous editions of Red Solidaria, which was launched in 2012, Bankia has supported more than 900 social projects to which it has earmarked an allocation of more than 6 million euros and of those that have benefited, directly , more than 400,000 people.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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Simon Baker is the Founder and Executive Chairman of Online Marketplaces and Property Portal Watch. Involved with property portals for 15 years, he’s a well-recognized expert and industry consultant.
As former CEO/MD of the REA Group for 8 years, Simon led the group to its current market-leading position. When he joined REA Group in 2001, it had $4m in revenues, $6m in losses and an $8m market cap.
By 2008, the company presided over $155m in revenues, $35m in EBITDA and enjoyed a peak market cap of $1b. Simon is currently Chairman of the Mitula Group and Real Estate Investar and a serial portal founder and, investor.