MicroBank has allocated 245 million euros in the first half of 2024 to finance projects that generate a positive social impact in Catalonia. In terms of the number of operations, almost 26,000 initiatives have been materialized. Across Spain, CaixaBank's social bank has dedicated a total of 1,079 million euros to financing more than 120,000 initiatives. "The balance of the first half reflects MicroBank's growing efforts to promote financial inclusion," says MicroBank's president, Juan Carlos Gallego.
In Catalonia alone, aid granted to families with fewer resources, with the aim of covering basic needs, has reached more than 21,600 operations. The global amount of these microcredits has stood at around 154 million euros, while the average amount has been 7,105 euros.
Another of the great pillars of MicroBank's activity are microcredits for entrepreneurs and micro-enterprises. During this first half of 2024, they resulted in more than 3,000 operations, a 13.8% increase compared to the previous year. In terms of financing volume, the social bank, with CaixaBank as its sole shareholder, allocated 42 million euros to strengthen the Catalan business fabric, a figure that represents an increase of 15.8% compared to the same half of 2023. The average amount of microcredits for businesses stood at 13,704 euros.
On the other hand, financing aimed at sectors with social impact, focused on projects in the social economy, education, and innovation, financed almost 1,200 initiatives until June in Catalonia. The global value was 49 million euros, an amount that represents an increase of 12.8% in relation to the first six months of the previous year.
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