CBNK, the entity resulting from the merger of Banco Caminos and Bancofar, continues to consolidate its goal of growth among new groups through the signing of institutional agreements. In this context, it has announced an alliance with the Madrid World Capital of Construction, Engineering and Architecture Association (MWCC), the aim of which is to facilitate access to CBNK's partner banking services for MWCC member companies.

In order to improve the financial situation of employees, the partner banking model consists of the creation of a virtual office within the companies to offer and advise employees on different banking services in a personalized and efficient manner. In this way, they will be able to contract the usual products and services with special conditions.

In addition, membership in CBNK's partner banking program means regular profit sharing. Each year, during the first quarter, CBNK pays 50% of the profits generated in that partner office to its customers, i.e., the employees of the companies that have hired them, with the corresponding withholding tax (19% as income from movable capital). The costs of the creation and management of the virtual office are assumed by CBNK, without any investment required by the companies.

Operations for MWCC member companies

Each company will be assigned a specific banker who will attend to all employees for any need.

In addition to online support, CBNK offers on-site support at its offices throughout Spain, guaranteeing a close and accessible service.
The CBNK team will be headed by the Area Manager, together with the office manager and specialized bankers from both distance and private banking.

Corporate business can also be included within the office, with special prices and conditions for companies, and participation in profit sharing within the framework of the agreement.

The agreement includes the possibility of access to the best pricing conditions and limited commissions for employees of participating companies.

For Private Banking clients, CBNK's specialized bankers will be available to provide the necessary advice and support, ensuring a comprehensive and high quality service.

Note to the Editor

CBNK is one of the leading Spanish financial groups in specialized banking. In 2014 Banco Caminos acquired Bancofar; when both entities had a long experience in serving professional groups. Banco Caminos, with origins in 1977, has been linked since its birth to civil engineers (ICCP) as well as to other professional activities and sectors close to these, while Bancofar was born in 1964 and since then has always been close to pharmacy professionals. In 2018, Grupo Caminos was created. 

In 2023, the merger by absorption of Bancofar into Banco Caminos, the two banking entities of the Group is consolidated and renamed CBNK. The new brand is created to extend the value proposition to other groups with a focus on professionals specialized in their area of knowledge (engineering and health) with a high impact on society.