Bank of Spain fines Banco de Crédito Social Cooperativo with 2 million for irregularities in remuneration
05 Aug 2026123 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
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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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