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CatalunyaCaixa (Catalan pronunciation: [kətəˌluɲəˈkaʃə]) was the trading name of Catalunya Banc S.A.,[2] a Spanish bank with headquarters in Barcelona and owned by Banco Bilbao Vizcaya Argentaria (BBVA), and absorbed by it in 2016. Its area of influence is located mainly at Catalonia. It was the fourth largest savings bank in Spain in terms of consolidated assets, with €81.020 billion.[1]

CatalunyaCaixa
Bank
IndustryFinancial services
Headquarters,
Key people
Adolf Todó i Rovira (CEO)
ProductsConsumer Banking
Corporate Banking
Total assets€81.020 billion (2010)[1]
Number of employees
8,000 (2010)[1]
ParentBBVA
Websitewww.catalunyacaixa.com

It was founded on 1 July 2010 by the fusion of Caixa Catalunya, Caixa Tarragona and Caixa Manresa. The new savings bank had 1,212 branches and over 4 million customers.[1]

During 2011 and 2012, CatalunyaCaixa received a total of €12.052 billion capital investment from the Spanish government's Fondo de Reestructuración Ordenada Bancaria (Fund for Orderly Bank Restructuring). The September 2011 capital injection effectively nationalised the bank, raising FROB's ownership to 89.74%.[3]

In 2015, CatalunyaCaixa was purchased by Spanish banking group BBVA for a total of €1.187 billion.[citation needed]

CatalunyaCaixa headquarters in Barcelona

ReferencesEdit

  1. ^ a b c d "Caixa d'Estalvis de Catalunya, Tarragona i Manresa" (PDF). Archived from the original (PDF) on 21 August 2010. Cite uses deprecated parameter |dead-url= (help)
  2. ^ "CatalunyaCaixa will be the name of the second Catalan savings bank". Catalan News Agency. 9 September 2010. Archived from the original on 13 March 2012. Cite uses deprecated parameter |dead-url= (help)
  3. ^ "Notas informativas". Fondo de Reestructuración Ordenada Bancaria. 30 September 2011. Archived from the original on 26 February 2014. Cite uses deprecated parameter |deadurl= (help)

External linksEdit