Kutxabank
 | This article needs additional citations for verification. (March 2018) |
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| 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 |
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]
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
[edit]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
[edit]References
[edit]- ^ a b c Kutxabank, Informe Financiero Anual 2022
- ^ Quiénes somos, www.kutxabank.com (in Spanish)
- ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
- ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
- ^ "Kutxabank, Bankinter y Bankia sacan las mejores notas del examen". El País. 26 October 2014. Retrieved 2018-03-20.
- ^ "Kutxabank mantiene su solvencia en lo más alto". elEconomista.es (in Spanish). Retrieved 2022-01-04.
External links
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