Investor Presentaiton
CAJA RURAL
DE NAVARRA
Caja Rural Group
Institutional Protection Scheme (IPS)
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Until end of 2017, the Group had an internal solidarity fund,
the purpose of which was to prevent or resolve situations of
insolvency or insufficient coverage of legal ratios that might
arise for any of the member institutions.
In 2018 the members of Caja Rural Group, together with
their affiliate companies, agreed on the constitution of the
Institutional Protection Scheme (IPS), while still retaining the
hallmarks of its identity, including respect for the independence
of all members in their the decision-making process.
It is the only Institutional Protection Scheme under Article
113.7 of Regulation 575/2013 (CRR) recognised by the Spanish
regulatory authorities.
It offers an additional level of security: an ex ante solidarity fund,
with separate assets and its own legal personality, designed
to help members in the event of them requiring financial
strengthening and to guarantee their stability.
All this without the need to consolidate the balance sheets or
mutualising the profits.
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Caja Rural de Navarra Investor Presentation 43.View entire presentation