Corporate & Business BOE Importance: 4/10

Bank of Spain fines Banco de Crédito Social Cooperativo with 2 million for irregularities in remuneration

05 Aug 2026 45 views
Who is affected:
Banco de Crédito Social Cooperativo (Cajamar) and its directors and executives

Summary

The Bank of Spain sanctions Banco de Crédito Social Cooperativo with 2 million euros for failing to correctly apply its variable remuneration policy. It also fines 13 directors and executives with amounts between 40,000 and 75,000 euros.

Detailed analysis PRO

The Bank of Spain has published in the BOE the final sanctions imposed on Banco de Crédito Social Cooperativo (Cajamar) and its administrators for serious breach of banking regulation. The infraction consists of not having computed at least 15% of pension commitments of the group identified as variable remuneration, in…

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Full official title

Resolución de 27 de julio de 2026, del Banco de España, por la que se publican las sanciones impuestas por infracción grave a Banco de Crédito Social Cooperativo, SA, y a sus cargos de administración y dirección.

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Affected sectors

SMEs

Categories

Tax & Revenue Labour & Employment Corporate & Business Data Protection Social Security European Regulations Grants & Subsidies Other Regulations Public Sector Education Energy Agriculture & Fisheries Real Estate

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