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Kutxabank is a bank based in the Basque Autonomous Community of Spain. It was officially founded on 1 January 2012 out of the merger of three Basque financial institutions operating on their respective provinces: Bilbao Bizkaia Kutxa (BBK), Gipuzkoa Donostia Kutxa (Kutxa), and Caja Vital Kutxa (Vital).[2]

Kutxabank, S.A.
Sociedad Anónima
IndustryFinancial services
Founded2012
HeadquartersBilbao, Spain
Key people
Gregorio Villalabeitia Galarraga (Chairman), Francisco Javier García Lurueña (CEO)
ProductsUniversal banking, insurance, investment holdings
€244.2 million (2016)[1]
Total assets€56,516 million (2016)[1]
Number of employees
5,931 (2016)[1]
Websitewww.kutxabank.com

Required by the Spanish Government's deadline, all three institutions ceased to exist as savings banks after a long period of internal deliberation and integration.

Kutxabank operates in Andalusia and Extremadura with the brand CajaSur.

HistoryEdit

The European stress test measuring solvency in periods of credit crisis showed that Kutxabank ranked first in Spain, standing out as the soundest financial institution (data published in October 2014).[3]

ReferencesEdit

  1. ^ a b c Kutxabank S.A. Cuentas Anuales Individuales al 31 de diciembre de 2016 e Informe de Gestión, junto con el Informe de Auditoría Independiente, CNMV (in Spanish)
  2. ^ Quiénes somos, www.kutxabank.com (in Spanish)
  3. ^ "Kutxabank, Bankinter y Bankia sacan las mejores notas del examen". El País. 26 October 2014. Retrieved 2018-03-20.