Kutxabank
Spanish bank
From Wikipedia, the free encyclopedia
Kutxabank is a Spanish bank founded and based in Bilbao. It was officially created on 1 January 2012 out of the merger of three Basque financial institutions operating in their respective provinces: Bilbao Bizkaia Kutxa (BBK), based in Bilbao; Gipuzkoa Donostia Kutxa (Kutxa), based in San Sebastián; and Caja Vital Kutxa (Vital) based in Vitoria-Gasteiz.[2]
Gipuzkoa Donostia Kutxa
Caja Vital Kutxa
 | |
| Company type | Sociedad Anónima |
|---|---|
| Industry | Financial services |
| Predecessor | Bilbao Bizkaia Kutxa Gipuzkoa Donostia Kutxa Caja Vital Kutxa |
| Founded | 1 January 2012 |
| Headquarters | Bilbao, Spain |
Key people | Gregorio Villalabeitia Galarraga (Chairman), Francisco Javier García Lurueña (CEO) |
| Products | Universal banking, insurance, investment holdings |
 €330.5 million (2022)[1] | |
| Total assets |  €54.7 billion (2022)[1] |
Number of employees | 5,343 (2022)[1] |
| Website | www.kutxabank.com |
As required by the Spanish Government's bank merger 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.
Kutxabank has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[3][4]
History
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).[5] A report issued by the European Bank Authority in December 2020 considered Kutxabank the most solvent bank in Spain, also ranking higher than the European average.[6]
See also
- List of banks in the euro area
- List of banks in Spain
- Neinor Homes, former Kutxabank real estate agency
