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Kutxa
The Kutxa (pronounced ; short for eu, Gipuzkoa eta Donostiako Aurrezki Kutxa "Savings Bank of Gipuzkoa and San Sebastián") is a savings bank mainly operating within a regional scope in the Gipuzkoa province of Spain. Its Spanish name is ''Caja de Ahorros y Monte de Piedad de Gipuzkoa y San Sebastián'' but it was re-branded as ''Kutxa''. On 1 January 2012 it merged with other Basque financial entities (a "loose merger"), Bilbao Bizkaia Kutxa (BBK) and Caja Vital Kutxa, to form Kutxabank. Government Kutxa, like the rest of Basque savings banks, was founded in the years following the definite loss of the charters (1876) in the middle of growing industrial development and new business opportunities. It constitutes a financial entity with entrenched roots in the social and economic fabric of Gipuzkoa, featuring an intricate system of management and internal control organs: * The General Assembly: 79 seats representing the founding agencies (14 seats), private depositors (36), town ...
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Kutxa Garibai
The Kutxa (pronounced ; short for eu, Gipuzkoa eta Donostiako Aurrezki Kutxa "Savings Bank of Gipuzkoa and San Sebastián") is a savings bank mainly operating within a regional scope in the Gipuzkoa province of Spain. Its Spanish language, Spanish name is ''Caja de Ahorros y Monte de Piedad de Gipuzkoa y San Sebastián'' but it was re-branded as ''Kutxa''. On 1 January 2012 it merged with other Basque financial entities (a "loose merger"), Bilbao Bizkaia Kutxa (BBK) and Caja Vital Kutxa, to form Kutxabank. Government Kutxa, like the rest of Basque savings banks, was founded in the years following the definite History of the Basque people#Late Modern history, loss of the charters (1876) in the middle of growing industrial development and new business opportunities. It constitutes a financial entity with entrenched roots in the social and economic fabric of Gipuzkoa, featuring an intricate system of management and internal control organs: * The General Assembly: 79 seats represent ...
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Kutxabank
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. 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. 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 Off ...
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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 Bilbao Vizcaya, Caja de Ahorros y Monte de Piedad). It was formed in 1990 when the Caja de Ahorros Municipal de Bilbao and the Bizkaiko Aurrezki Kutxa-Caja de Ahorros Vizcaína were merged. The company headquarters were in Bilbao. On 1 January 2012 it merged with other Basque financial entities (a "loose merger"), Kutxa and Caja Vital Kutxa, to form Kutxabank. BBK won a bid to take over CajaSur on 16 July 2010. The transaction created the 7th largest financial institution of Spain. The savings bank had minority investments in the following companies: Iberdrola 6,84%, Euskaltel 33,99%, Enagas 5%, Red Eléctrica Red is the color at the long wavelength end of the visible spectrum of light, next to orange and opposite violet. It h ...
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Construcciones Y Auxiliar De Ferrocarriles
Construcciones y Auxiliar de Ferrocarriles (Grupo CAF, literally "Construction and Other Railway Services") is a Spanish publicly listed company which manufactures railway vehicles and equipment and buses through its Solaris Bus & Coach subsidiary. It is based in Beasain, Basque Autonomous Community, Spain. Equipment manufactured by Grupo CAF includes light rail vehicles, rapid transit trains, railroad cars and locomotives, as well as variable gauge axles that can be fitted on any existing truck or bogie. Over the 20 years from the early 1990s, CAF benefited from the rail investment boom in its home market in Spain to become a world player with a broad technical capability, able to manufacture almost any type of rail vehicle. CAF has supplied railway rolling stock to a number of major urban transit operators around Europe, the US, South America, East Asia, India, Australia and North Africa. History ''CAF'' was an acronym for the earlier name of ''Compañía Auxiliar de Fer ...
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San Sebastián
San Sebastian, officially known as Donostia–San Sebastián (names in both local languages: ''Donostia'' () and ''San Sebastián'' ()) is a city and Municipalities of Spain, municipality located in the Basque Country (autonomous community), Basque Autonomous Community, Spain. It lies on the coast of the Bay of Biscay, from the France–Spain border. The capital city of the province of Gipuzkoa, the municipality's population is 188,102 as of 2021, with its metropolitan area reaching 436,500 in 2010. Locals call themselves ''donostiarra'' (singular), both in Spanish and Basque language, Basque. It is also a part of Basque Eurocity Bayonne-San Sebastián. The main economic activities are almost entirely service sector, service-based, with an emphasis on commerce and tourism, as it has long been one of the most famous tourist attraction, tourist destinations in Spain. Despite the city's small size, events such as the San Sebastián International Film Festival and the San Sebastia ...
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Bankia
Bankia () was a Spanish financial services company that was formed in December 2010, consolidating the operations of seven regional savings banks, and was partially nationalized by the government of Spain in May 2012 due to the near collapse of the institution. As of 2017, Bankia was the fourth largest bank in Spain with total assets of €179.1 billion. In 2021, the bank merged with CaixaBank to create a new entity but preserving the name of the latter. History Formation and IPO Bankia was formed on 3 December 2010, as a result of the union of seven Spanish savings banks that had a major presence in their historical core regions. The merger of the seven banks, known as 'cold fusion', took only four months, with the integration contract being signed on 30 July 2010. Caja Madrid, which was itself owned by the government of the Community of Madrid, held controlling interest. The distribution of shares was as follows: * 52.06% Caja Madrid * 37.70% Bancaja * 2.45% La Caja de Ca ...
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Rodrigo Rato
Rodrigo de Rato y Figaredo (born 18 March 1949) is a Spanish politician who served in the Council of Ministers from 1996 to 2004. He also served as the ninth managing director of the International Monetary Fund (IMF) from 2004 to 2007 and the president of Bankia from 2010 to 2012. Rato was arrested on 16 April 2015 for alleged fraud, embezzlement and money laundering. His case was still awaiting trial a year later when his name appeared in the Panama Papers. Despite his prior assurances that he did not own companies in tax havens, apparently he used two offshore companies to avoid taxes on millions of euros kept overseas. It has been alleged that he owes taxes to both the Spanish and Panamanian governments. On 23 February 2017, Rato was found guilty of embezzlement and sentenced to 4½ years' imprisonment. In September 2018, the sentence was confirmed by the Supreme Court of Spain., and Rato entered prison on 25 October 2018. Early life and education Rodrigo de Rato was born i ...
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Basque Statute Of Autonomy
{{Politics of Basque Country (autonomous community) The Statute of Autonomy of the Basque Country of 1979 ( eu, Euskal Autonomia Erkidegoko Estatutua; es, Estatuto de Autonomía del País Vasco), widely known as the Statute of Gernika ( eu, Gernikako Estatutua; es, Estatuto de Guernica), is the legal document organizing the political system of the Autonomous Community of the Basque Country' (Basque: ''Euskadiko Autonomi Erkidegoa'') which includes the historical territories of Alava, Biscay and Gipuzkoa. It forms the region into one of the autonomous communities envisioned in the Spanish Constitution of 1978. The Statute was named "Statute of Gernika" after the city of Gernika, where its final form was approved on 29 December 1978. It was ratified by referendum on 25 October 1979, despite the abstention of more than 40% of the electorate. The statute was accepted by the lower house of the Spanish Parliament on November 29 and the Spanish Senate on December 12. The statute was me ...
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Socialist Party Of The Basque Country
Socialism is a left-wing economic philosophy and movement encompassing a range of economic systems characterized by the dominance of social ownership of the means of production as opposed to private ownership. As a term, it describes the economic, political and social theories and movements associated with the implementation of such systems. Social ownership can be state/public, community, collective, cooperative, or employee. While no single definition encapsulates the many types of socialism, social ownership is the one common element. Different types of socialism vary based on the role of markets and planning in resource allocation, on the structure of management in organizations, and from below or from above approaches, with some socialists favouring a party, state, or technocratic-driven approach. Socialists disagree on whether government, particularly existing government, is the correct vehicle for change. Socialist systems are divided into non-market and market f ...
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NH Hotels
NH Hotel Group is a Spanish multinational hotel company headquartered in Madrid, that operates over 350 hotels in 28 countries, currently under the Anantara, NH Collection, nhow Hotels, Tivoli, NH Hotels, Elewana Collection and Avani brands. The company is a subsidiary of a Thailand hotel group, Minors International. Operations NH Hotel Group offers luxury and up-scale modern style, modernly-furnished hotels, located primarily in Europe and Latin America. The company also manages luxury venues such as the prestigious Casino de Madrid. NH Hotel Group ranks third in the European ranking for business hotels. The group has 380 hotels in 29 countries with over 53,000 rooms. History NH ("Navarra Hoteles", named after Navarre, the region in Spain) was founded in 1978 by Antonio Catalán. Throughout the 1980s, 1990s and 2000s, it made a series of acquisitions (Jolly in Italy, Grand Hotel Krasnapolsky, Krasnapolsky in the Netherlands, Astron in Germany) which increased its size to cl ...
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