Chronicle of the Participation of Shareholders of Caixabank

The banking armada campaign along with the NO ARMAS campaign participated in the general shareholders meeting of Caixabank which was held in Barcelona on Thursday April 23rd, 2015. The delegation of more than 14,000 shares has given voice to the those responsible and shareholders with the aim of denouncing Caixabank investments in controversial weapons and other nefarious businesses.

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Intervention of the Caixabank Shareholders Meeting of 2015

Shareholders of CaixaBank, Barcelona, April 23, 2015

Good afternoon, Mr. Chairman, members of the Board, ladies and gentlemen. My name is Chloé Meulewaeter and come to speak on behalf of the Delàs Campaign for an unarmed CaixaBank promoted by the Study Center for Peace Justice and Peace, the NGO Setem, the Debt Observatory in Globalisation (ODG) and Collective RETS (Responses to Transnational Corporations).

I speak on behalf of 14062 shares, assigned to the campaign by shareholders who thus want to show their disagreement with controversial investments made by CaixaBank. We attended a meeting this year because although the rules on the financing of the arms industry were made public by CaixaBank in its 2013 integrated corporate report, the bank still does not give explanations on their investment in arms companies.

Mr. President, with this legislation Caixabank said it would not participate in financing operations or the export of military equipment for military use. However, it seems that these promises have fallen on deaf ears. If not, tell me, how do you explain that CaixaBank investment funds marketed arms companies, such as Invercaixa Management SGIIC, SA or Bankpyme SGIIC, SA, which have invested in Indra. And please do not tell us that Indra is not an arms company, because that would not be speaking truthfully. Indra is one of the top 100 arms companies in the world. This is not according to us but the SIPRI yearbook.If CaixaBank financed Indra, you have been helping to make more weapons in the world, in particular  flight simulators for fighter jets, draft systems and a variety of weapons products called electronic defense take place, with direct application to Eurofighter combat aircraft, war frigates F-100 and Tiger military helicopters.

In previous  years, shares of the CaixaBank campaign without weapons, we reported that CaixaBank has shareholdings of 13 arms companies that produce weapons and combat systems, electronic equipment and military communications, military and aerospace engineering components and warplanes. Mr. President, what did you intend with these investments, did you achieve capital gains from the sale of these shares or have decision-making capacity in these arms companies? Perhaps he is making CaixaBank into a company that is an integral part of the Spanish military-industrial complex?

It is also known by the ladies and gentlemen of CaixaBank that shareholders were granted loans through La Caixa or Banca Cívica, to some of the most important arms producers of this country .This is the case of Indra, Maxam and Instalaza. Let's remind you why funding these companies is completely unacceptable from an ethical standpoint- Indra received 36 million euros in loans from La Caixa and other financial institution in 2009, and we remind you that the weapons section of Indra produces technologies for aircraft, ships and helicopter gunships.

- Maxam, received a loan of 295 million euros from La Caixa and 16 other banks in 2010. Maxam, through its subsidiaries manufactures EXPAL FAEX and military explosives, mines, cluster bombs and ammunition of all kinds. We remind you that  this client had the honor of being the largest producer in Spain of landmines and cluster bombs until it was finally forbidden by law.

- But that's not the most terrible collaboration of La Caixa with Spanish weapons companies. His company, Mr. Fainé, Instalaza was financed with 33 thousand euros in 2007 even when the company produced cluster bombs, whose victims are mostly civilians. The companywas  financed by  La Caixa and the cluster bombs sold that year  were used against civilians in Libya by Qaddafi’s forces in the civil war.

Mr. President, today it remains unclear what the status of these 35.59 million euros in loans to companies manufacturing controversial weapons is . Even though they can no longer produce cluster bombs in Spain, you are aware that they continue to do so in other countries? We demand you to answer us, about the remaining  interests of  CaixaBank to manufacturers of weapons, some terrible and destructive, like cluster bombs?

Mr. Fainé, where is the"soul of La Caixa"  behind warplanes after a missile or  beneath a mine?

Mr. Fainé, ladies and gentlemen, shareholders of La Caixa, more and more people know that your company benefits from the business of war, CaixaBank distributed the pain and suffering that generate money through the sale of weapons. Or  Caix a could immediately cancel their investments in the weapons industy or no one  will believe the social soul of La Caixa.

Thank you very much.


Banking Armada Campaign participates in the Shareholders' Meeting of CaixaBank to denounce the involvement of the organization in 17 arms companies.

Activists denounce the bank's relationship with armed conflicts around the world and demand immediately canceled investments in weapons.

April 22, 2015, Barcelona.

Entities that drive the armed Banking campaign and the unarmed CaixaBank campaign participate for the third time in CaixaBank Shareholders meeting  to be held on Thursday April 23 in Barcelona.

Thanks to the delegation of 8483 shares, from the  Banca armada campaign CaixaBank has direct or indirect shareholdings in 13 arms companies that produce weapons and combat systems, electronic equipment and military communications, military aircraft engineering and aircraft components war.

The company Indra received 36 million euros in loans from La Caixa and other financial institution in 2009. "If CaixaBank financed Indra it is helping to create more weapons in the world, more specifically, flight simulators for war aircraft , firing systems and a variety of weapons products including electronic defense call with direct application in the Eurofighter combat aircraft, war frigates F-100 and Tiger military helicopters ".

Moreover, the company Maxam received a credit of 295 million euros with the participation of  La Caixa in 2010, through its subsidiaries manufactures EXPAL FAEX and military explosives, mines, cluster bombs and ammunition of all kinds. Thus, "CaixaBank helped the company to make it Spain's biggest producer of land mines and cluster bombs until it was forbidden by law."

Another complaint lodged is that Instalaza was funded with 33 thousand euros in 2007 when the company produced cluster bombs, whose victims are mostly civilians. Instalaza as well sold that year, cluster bombs to Qaddafi’s government  who used them against civilians in Libyan War of 2011.

The participation of members of the Banking Armada campaign Shareholders will therefore aim to show the serious consequences of the bank's investments and require immediate cancellation of their investments in arms producers.

Chronicle of the Intervention of the Shareholder’s Meeting of Santander Bank in 2015

For a year the Banking Armada campaign and the Santander Bank without Arms Campaign have participated in the General shareholders meeting of Santander Bank, the first of which to be held under new bank management. The objective was  again to urge the bank to amend its investment policy and financing the arms industry. The two activists who attended the Board focused their interventions on issues such as financial support for arms companies, and controversial investments such as the Jaitapur project in India and proposed dams on the Madeira River in Brazil.


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First Intervention of the Shareholders Meeting of Santander Bank

Santander, March 27, 2015

Good afternoon, Mrs. President,  Board members, ladies and gentlemen. My name is Maria de Lluc Bagur from  Delàs and speak as a member of the Center Delàs for Peace Studies on behalf of the unarmed Banco Santander campaign. I speak on behalf of dozens of shareholders who have transferred 47,576 shares to the unarmed Banco Santander campaign to raise my voice today in this forum. We urge you, on your behalf, to modify the bank’s policy of controversial investments.

Lady Botin this is the first time you sit at a General Meeting of Shareholders of Banco Santander as president. So we want you to get to  know us, and remind you that year after year we have profiled in this forum and the media, and to the shareholders of the company and society in general the controversial investments of this bank.

Banco Santander supports undisputably some very controversial projects. This is what we’re going to remember and we hope to explain why the help and investment of your entity is threatening thousands of lives.One of these is the Jaitapur Project in India, whose complaint has been written by the BankTrack organization, which brings together more than 200 NGOs worldwide. Jaitapur is under the responsibility of the French nuclear company Areva, due to an agreement with the Nuclear Energy Cooperative India.

You have participated in the syndicate AREVA with 500 million euros credit. Their destination, the construction of nuclear reactors which generate energy from uranium and plutonium. However, according to reports from activists, including Vaishali Pati, the actual bet happens to be part of greater Asian nuclear escalation. Both the Indian government and entities involved in the project have confirmed that the construction of the world's largest nuclear power plant is directly related to the fact that neighboring countries possessing nuclear weapons.

The use of nuclear threats may have terrible consequences for millions of people. Mrs. Botín, are you aware that this participation in the project can contribute to global nuclear escalation? Do you agree, Mrs. Botín, that your investment is dedicated to the manufacture of nuclear weapons? As president of Banco Santander, you will have to answer these questions.

We also report to you, once again, the proposed dams on the Madeira River in Brazil. We talked about this issue before the Shareholders' Meeting in 2008 and 2009. As you know, the construction of dams in the Amazon rainforest can alter the habitat of indigenous communities, threatening their survival. In addition, extractive companies and attracts further immigration, colonization and logging to these areas.

In response to numerous protests by NGOs such as Survival International, Banco Santander said in March 2011 have withdrawn the financial support to the construction of dams in Jirau and Santo Antonio. However, a few months later he retracted and acknowledged that continued driving these two controversial buildings. We want to know, Mrs. Booty, if today Banco Santander continues to fund both dams. What is your current situation? Does Banco Santander willing to respect the rights of indigenous peoples?

Mrs. Botin do your shareholders and customers know that their savings contribute decisively to the arms business? You know that some communities have their rights overwhelmed by large companies with financial support from Banco Santander? There is a chance for change Mrs. Botín.  Seize it and make a difference.