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  1. Risk management
  2. Policy on the financing of controversial activities

Policy on the financing of controversial activities

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BANKIA’S COMMITMENT TO BANKING BEST PRACTICES REQUIRES IT TO SET STRICT RULES ON THE FINANCING OF SENSITIVE ACTIVITIES.

One of Bankia’s fundamental goals is to promote good banking practices. Accordingly, it has established rules and specific policies for the financing of industries or activities that are potentially sensitive on account of their social implications.

Bankia does not finance companies that violate human rights or projects in countries at war

Bankia prohibits or restricts financing in various areas:

Weapons companies

The bank’s policy requires it to reject transactions related to controversial weapons, that is, anti-personnel mines, cluster munitions and biological or chemical weapons. The financing of projects for countries at war or subject to a UN embargo is also prohibited.

Organisations involved in the violation of human rights

Bankia does not work with organisations involved in the violation of human rights or activities that may entail the infringement of the fundamental rights of the individual. It therefore does not finance transactions with companies that have been proven to violate human rights in areas such as employment conditions, safety at work, equality or freedom of association. Isolated events are not sufficient proof of failure to respect fundamental rights.

Illegal activities

Similar investment and financing restrictions are adopted in the case of illegal activities such as money laundering, terrorism, tax evasion, fraud and corruption.

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