The Canary Islands cooperative Cajasiete has released its financial results for 2004, a year marked by its strength and social commitment. The entity saw a 14% rise in its credit volume, standing at 2.788 billion euros, representing 55% of its total assets. Throughout the past year, Cajasiete provided 1 billion euros in loans to its clients, of which 500 million were allocated to mortgages, enabling 1,800 families to purchase a home.

Cajasiete's General Director, Luis Díaz, stated during the accounts presentation that while the entity does not see itself as the sole solution to the housing problem in the Canary Islands, it believes it is contributing "its small part" to alleviate it. These remarks were made after the recent approval of the financial statements by the members in an assembly.

Díaz acknowledged that the current geopolitical instability, characterized by rising oil prices and the "uncertainty" of latent inflation, could impact the economy and lead to the slowdown predicted by the Government of the Canary Islands. However, he emphasized the "firm commitment" of Cajasiete employees to the people of the Canary Islands, promoting a "different" way of banking and highlighting the positive societal impact of the wealth generated in areas such as education, environment, and sports.

Cajasiete's total business volume, including deposits of 4.358 billion euros (12% more than in 2024) and credits of 2.788 billion euros (14% more), exceeds 7.6 billion euros. The entity holds a market share of 15% in offices, 7.67% in loans, and 8.61% in savings within the Archipelago's banking sector, with a growth trend across all variables.