CatalunyaCaixa () was the trading name of Catalunya Banc S.A., a
Spanish
Spanish might refer to:
* Items from or related to Spain:
**Spaniards are a nation and ethnic group indigenous to Spain
**Spanish language, spoken in Spain and many Latin American countries
**Spanish cuisine
Other places
* Spanish, Ontario, Cana ...
bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.
Because ...
with headquarters in
Barcelona
Barcelona ( , , ) is a city on the coast of northeastern Spain. It is the capital and largest city of the autonomous community of Catalonia, as well as the second most populous municipality of Spain. With a population of 1.6 million within ci ...
and owned by
Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present ...
(BBVA), and absorbed by it in 2016. Its area of influence is located mainly in
Catalonia
Catalonia (; ca, Catalunya ; Aranese Occitan: ''Catalonha'' ; es, Cataluña ) is an autonomous community of Spain, designated as a ''nationality'' by its Statute of Autonomy.
Most of the territory (except the Val d'Aran) lies on the north ...
. It was the fourth-largest savings bank in Spain in terms of consolidated assets, with €81.020 billion.
It was founded on 1 July 2010 by the fusion of Caixa Catalunya,
Caixa Tarragona
Caixa may refer to:
* a Brazilian snare drum
* ''A Caixa'', a 1994 Portuguese comedy film directed by Manoel de Oliveira
* Caixa Econômica Federal, also referred to as Caixa, a Brazilian bank
* Caixa Geral de Depósitos, also referred to as Caix ...
and
Caixa Manresa
Caixa may refer to:
* a Brazilian snare drum
* ''A Caixa'', a 1994 Portuguese comedy film directed by Manoel de Oliveira
* Caixa Econômica Federal, also referred to as Caixa, a Brazilian bank
* Caixa Geral de Depósitos, also referred to as Caix ...
. The new savings bank had 1,212 branches and over 4 million customers.
During 2011 and 2012, CatalunyaCaixa received a total of €12.052 billion capital investment from the Spanish government's
Fondo de Reestructuración Ordenada Bancaria
FROB, the Spanish Executive Resolution Authority (formerly known as Fund for Orderly Bank Restructuring) is an entity of the Spanish government that manages the resolution processes of credit institutions and investment firms in their executive ph ...
(Fund for Orderly Bank Restructuring). The September 2011 capital injection effectively nationalised the bank, raising FROB's ownership to 89.74%.
In 2015, CatalunyaCaixa was purchased by Spanish banking group BBVA for a total of €1.187 billion.
References
External links
CatalunyaCaixa
Defunct banks of Spain
Companies based in Catalonia
Banks established in 2010
Banco Bilbao Vizcaya Argentaria
2010 establishments in Catalonia
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