Caja Laboral had more than 100,000 savers, a highly symbolic figure which is a true reflection of the rapid consolidation of our credit co-operative.
The Chief Executive’s report highlighted at the Annual General Meeting that the savings deposited in Caja Laboral showed an increase of 50% over the figures for the end of 1970, in a year in which the general growth in banking activity was 22% and in savings banks 19%.
The associated co-operatives, on the other hand, saw more modest growth: 14%, in a year in which the gross industrial product showed no growth at all. In view of the general slowdown in industry, the year for the co-operatives could be classified as highly satisfactory.