Kutxabank is a Spanish bank founded and based in
Bilbao
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. 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
Bilbao Bizkaia Kutxa (BBK) (Basque for 'Bilbao Biscay Savings Bank') was a Spanish savings bank based in the province of Biscay in the Basque Country, Spain. Its full name was Bilbao Bizkaia Kutxa, Aurrezki Kutxa eta Bahitetxea (in Spanish Caja ...
(BBK), based in Bilbao;
Gipuzkoa Donostia Kutxa (Kutxa), based in
San Sebastián
San Sebastian, officially known as Donostia–San Sebastián (names in both local languages: ''Donostia'' () and ''San Sebastián'' ()) is a city and municipality located in the Basque Autonomous Community, Spain. It lies on the coast of the ...
; and
Caja Vital Kutxa (Vital) based in
Vitoria.
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
Andalusia (, ; es, Andalucía ) is the southernmost autonomous community in Peninsular Spain. It is the most populous and the second-largest autonomous community in the country. It is officially recognised as a "historical nationality". The ...
and
Extremadura
Extremadura (; ext, Estremaúra; pt, Estremadura; Fala: ''Extremaúra'') is an autonomous community of Spain. Its capital city is Mérida, and its largest city is Badajoz. Located in the central-western part of the Iberian Peninsula, it ...
with the brand
CajaSur
CajaSur is a Spanish savings bank, property of Kutxabank. It has offices in Andalusia and Extremadura.
Until 2011, CajaSur was a Spanish savings bank, run by the priests in the Catholic Church, located in Córdoba, Spain
Córdoba (; ),, Arabic ...
.
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). 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.
External links
Official Website
See also
*
List of banks in Spain
References
{{Authority control
Banks of Spain
Basque companies
Banks established in 2012
Banks under direct supervision of the European Central Bank
Organisations based in Bilbao
2012 establishments in the Basque Country (autonomous community)