For faster navigation, this Iframe is preloading the Wikiwand page for Bilbao Bizkaia Kutxa.

Bilbao Bizkaia Kutxa

Bilbao Bizkaia Kutxa
IndustryFinancial services
Founded1990
HeadquartersBilbao, Spain
Key people
Mario Fernandez (Chairman)
ProductsBanking, insurance
Websitewww.bbk.es

Bilbao Bizkaia Kutxa (BBK) was a bank in Spain.[1] On June 30, 2014, the General Assembly of BBK approved the transformation of the entity into a banking foundation, in accordance with the Law on Savings Banks and Banking Foundations.[2] In Vizcaya, the name "BBK" is maintained as a trademark of Kutxabank, an entity of which the foundation owns part of the shareholding (as of December 2017, 57%).

In Vizcaya, the name "BBK" is maintained as a trademark of Kutxabank, an entity in which the foundation holds part of the shareholding (as of December 31, 2017, 57%).

History

[edit]

(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 2,2%.

On September 16, 2011, the extraordinary assembly of BBK approved the creation of Kutxabank, through which it has been conducting its financial activities since January 1, 2012. Kutxabank was established through a SIP (Sistema Institucional de Protección) alongside Caja Vital and Kutxa.[3]

On June 30, 2014, the General Assembly of BBK approved the transformation of the entity into a banking foundation, in accordance with the Law on Savings Banks and Banking Foundations.[4]

References

[edit]
  1. ^ "BOE-B-2011-39169 BILBAO BIZKAIA KUTXA AURREZKI KUTXA ETA BAHITETXEA". www.boe.es. Retrieved 31 May 2024.
  2. ^ La asamblea de BBK respalda su conversión en fundación bancaria
  3. ^ "Un día para la historia financiera de Euskadi". El Diario Vasco (in Spanish). 17 September 2011. Retrieved 29 August 2024.
  4. ^ "La asamblea de BBK respalda su conversión en fundación bancaria". www.europapress.es. 30 June 2014. Retrieved 29 August 2024.
[edit]


{{bottomLinkPreText}} {{bottomLinkText}}
Bilbao Bizkaia Kutxa
Listen to this article

This browser is not supported by Wikiwand :(
Wikiwand requires a browser with modern capabilities in order to provide you with the best reading experience.
Please download and use one of the following browsers:

This article was just edited, click to reload
This article has been deleted on Wikipedia (Why?)

Back to homepage

Please click Add in the dialog above
Please click Allow in the top-left corner,
then click Install Now in the dialog
Please click Open in the download dialog,
then click Install
Please click the "Downloads" icon in the Safari toolbar, open the first download in the list,
then click Install
{{::$root.activation.text}}

Install Wikiwand

Install on Chrome Install on Firefox
Don't forget to rate us

Tell your friends about Wikiwand!

Gmail Facebook Twitter Link

Enjoying Wikiwand?

Tell your friends and spread the love:
Share on Gmail Share on Facebook Share on Twitter Share on Buffer

Our magic isn't perfect

You can help our automatic cover photo selection by reporting an unsuitable photo.

This photo is visually disturbing This photo is not a good choice

Thank you for helping!


Your input will affect cover photo selection, along with input from other users.

X

Get ready for Wikiwand 2.0 🎉! the new version arrives on September 1st! Don't want to wait?