Kutxabank (Basque)

Overview

Kutxabank (Basque) is Basque commercial bank post-Jan 1 2012 BBK + Kutxa + Caja Vital Kutxa Basque savings banks merger + ~2.4M+ customers + BBK Banking Foundation + Kutxa Foundation + Vital Foundation Banking Group controlling + one of largest Spanish regional commercial banks [1, es-cro].

History

1907 — Caja de Ahorros y Monte de Piedad Municipal de Bilbao founded distinctive Basque savings banking heritage.

1909 — Caja de Ahorros Provincial de Guipúzcoa Kutxa founded.

1850 — Caja Vital Kutxa founded distinctive Basque savings banking heritage.

Jan 1 2012 — Kutxabank S.A. founded via BBK + Kutxa + Caja Vital Kutxa Basque savings banks merger distinctive Spanish savings bank restructuring + Basque banking consolidation post-Spanish banking crisis.

2014 — Kutxabank Mobile Banking app launch.

Ownership & operator

Operating entity: Kutxabank S.A. (Basque commercial bank; BBK + Kutxa + Vital Foundation Banking Group controlling).

Major shareholders: BBK Banking Foundation ~57% controlling + Kutxa Foundation ~32% + Vital Foundation Banking Group ~11% (Basque Foundation Banking Group; Foundation Banking Group post-2013 Spanish savings bank reform).

Regulators: Banco de España + ECB.

Technical integration

Kutxabank Mobile Banking app (iOS + Android; ~2.4M+ customers) + kutxabank.es online + Kutxabank branch network across Spain (Basque Country + Madrid + other Spanish regions) + Kutxabank Visa + Mastercard cards; SEPA + SEPA Instant + EPC-QR + Bizum (Spanish bank-consortium A2A mobile payments) + Wero (post-EPI launch).

Implementations & partners

Major Spanish banking + Bizum competitors: [[bbva-spain]] (BBVA Spain; Spain's largest commercial bank by assets) + [[caixabank]] (CaixaBank; Spain's #2 commercial bank by assets + Imagin digital subsidiary) + [[santander-spain]] (Banco Santander Spain; Spain's #3 commercial bank by assets) + [[banco-sabadell]] (Banco Sabadell; Spain's #4 commercial bank by assets) + [[bankinter]] (Bankinter Spanish commercial bank) + [[unicaja]] (Unicaja Banco; Spain's #5 commercial bank by assets) + [[abanca]] (Abanca Spanish commercial bank) + [[ibercaja]] (Ibercaja Banco S.A. Aragonese commercial bank; ~2.7M+ customers + Aragonese banking heritage) + bizum (Spanish bank-consortium A2A mobile payments) + [[openbank]] (Openbank Santander digital bank).

Regulators: Banco de España + ECB.

Status

Active, Basque commercial bank post-Jan 1 2012 BBK + Kutxa + Caja Vital Kutxa Basque savings banks merger + ~2.4M+ customers + BBK Banking Foundation + Kutxa Foundation + Vital Foundation Banking Group controlling + one of largest Spanish regional commercial banks [1, 2].

Sources

• 1 Kutxabank — official
• 2 Kutxabank — Wikipedia
• es-cro In-corpus: reports/countries/ES-spain.md

Source

Biography extracted from kutxabank.md. See matrix.md for standards-support matrix if present.