Ibercaja paga 1.500 euros a la plantilla por el 150 aniversario de su fundación

Ibercaja is honoring its employees with a linear pay of 1,500 euros each to commemorate the bank's 150th anniversary since its founding as a Savings and Loan institution in Zaragoza. The celebration will continue until May next year, with an intense agenda of events. The anniversary kicked off on its commemorative date, May 28th, with an exhibition at the bank's main headquarters in Zaragoza, showcasing Ibercaja's historical evolution and commitment to the region's economy, financial education, innovation, digital transformation, heritage conservation, and social action.

A major milestone was marked last week with an institutional gala attended by 1,500 guests at the Auditorium of Zaragoza. The agenda will conclude with a spring event in the same city, bringing together all 5,000 employees across Spain. Ibercaja is privately controlled by four foundations that utilize their dividend income to fund social and cultural activities.

Eighty-eight percent of the capital is owned by the Ibercaja Foundation. The bank reported a profit of 184 million euros in the first half of the year and set a record with 114 billion euros in total business volume (loans plus deposits). The gratuity was effective in the May payroll. The bank hired 151 employees last year to modernize its workforce and bring in professionals with digital skills, data analytics, and artificial intelligence expertise.

As of June, Ibercaja employed 5,367 people. One hundred individuals aged between 60 and 62 opted for early retirement in the summer, taking advantage of the bank's voluntary early retirement scheme, which offers 75% of the annual gross salary up to age 63 while the bank will cover Social Security contributions. Over 200 employees applied for the option.

Ibercaja ranks tenth in Spain by balance size and has 1.7 million clients. The bank owns 100% of its asset management and insurance subsidiaries, allowing it to maximize growth in investment and insurance product subscriptions across the sector. Ibercaja was on the verge of going public in 2020, just before the Covid-19 pandemic struck and derailed the plans entirely.

To avoid selling the entity, the shareholder foundations opted to set aside a 320 million euro reserve fund, required by Spanish banking law to bypass the OPV, which was fully completed a year and a half ahead of schedule.