CaixaBank tourism funding reaches €1.2bn in Balearic Islands
CaixaBank tourism funding for hotel and tourist-accommodation businesses in the Balearic Islands, Spain, reached nearly €1.2 billion in the first half of 2026, the bank said on 19 August. The amount was 80% higher than in the same period a year earlier.
Through its CaixaBank Hotels & Tourism division, the lender completed 284 credit transactions in the islands during the six-month period.
Lending across Spain
New lending to hotel and tourist-accommodation companies across Spain totalled €2.5 billion in the first half of 2026. CaixaBank completed more than 2,300 credit transactions nationwide.
The bank said it channelled €19 billion into the tourism industry between 2020 and 2025, supporting expansion, modernisation and measures intended to strengthen competitiveness.
Uses of the funding
The latest financing was mainly used to refurbish and update properties, as well as to acquire hotel assets. It also covered innovation and sustainability projects and companies’ working-capital and operational requirements.
At the end of the first half of 2026, CaixaBank Hotels & Tourism managed a loan portfolio exceeding €10.5 billion and served more than 13,800 tourist-accommodation clients.
Source: Europa Press / Mallorca.com