Bilbao Bizkaia Kutxa
{{use dmy dates|date=February 2024}}
{{Infobox company
| name = Bilbao Bizkaia Kutxa
| logo = BBK Plaza Biribila.jpg
| logo_size = 180px
| type =
| foundation = 1990
| key_people = Mario Fernandez (Chairman)
| industry = Financial services
| products = Banking, insurance
| parent =
| subsid =
| homepage = [http://www.bbk.es/ www.bbk.es]
| market cap =
| operating_income =
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}}
Bilbao Bizkaia Kutxa (BBK) was a bank in Spain.{{Cite web |title=BOE-B-2011-39169 BILBAO BIZKAIA KUTXA AURREZKI KUTXA ETA BAHITETXEA |url=https://www.boe.es/diario_boe/txt.php?id=BOE-B-2011-39169 |access-date=2024-05-31 |website=www.boe.es}} 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.[http://www.europapress.es/euskadi/noticia-asamblea-bbk-respalda-conversion-fundacion-bancaria-20140630191437.html La asamblea de BBK respalda su conversión en fundación bancaria]
In Biscay, the name "BBK" is maintained as a trademark of Kutxabank, an entity of which the foundation owns part of the shareholding (as of December 2023, 57%).{{Cite web |date=31 December 2023 |title=Anual Report 2023 |url=https://www.kutxabank.com/cs/Satellite?blobcol=urldata&blobheader=application%2Fpdf&blobheadername1=Expires&blobheadername2=content-type&blobheadername3=MDT-Type&blobheadername4=Content-disposition&blobheadervalue1=Thu%2C+10+Dec+2020+16%3A00%3A00+GMT&blobheadervalue2=application%2Fpdf&blobheadervalue3=abinary%3Bcharset%3DUTF-8&blobheadervalue4=inline%3B+filename%3D%22BE-Kutxabank+2023+CONSOLIDADO.pdf%22&blobkey=id&blobtable=MungoBlobs&blobwhere=1312386722143&ssbinary=true |access-date=2025-02-11 |website=kutxabank.com}}
History
(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.{{Cite web |date=2011-09-17 |title=Un día para la historia financiera de Euskadi |url=https://www.diariovasco.com/v/20110917/economia/para-historia-financiera-euskadi-20110917.html |access-date=2024-08-29 |website=El Diario Vasco |language=es}}
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.{{Cite web |date=2014-06-30 |title=La asamblea de BBK respalda su conversión en fundación bancaria |url=https://www.europapress.es/euskadi/noticia-asamblea-bbk-respalda-conversion-fundacion-bancaria-20140630191437.html |access-date=2024-08-29 |website=www.europapress.es}}
References
{{Reflist}}
External links
{{Commons category|Bilbao Bizkaia Kutxa}}
- [http://www.bbk.es/ Official site]
- {{cite web | publisher=Bloomberg | url=https://www.bloomberg.com/profile/company/1032Z:SM | access-date=22 February 2024 | title=Bilbao Bizkaia Kutxa Aurrezki Kutxa eta Bahitetxea}}
- {{cite web| publisher=Dun & Bradstreet | url=https://www.dnb.com/business-directory/company-profiles.kutxabank_sociedad_anonima.ea17b3b1abd679ed4965ea311f942094.html | access-date=22 February 2022 | title=Kuxta Bank Sociedad Anonima}}
- {{cite news | work=EL PAÍS | url=https://elpais.com/economia/2023-03-29/kutxabank-seguira-solo-en-manos-de-las-tres-antiguas-cajas-de-ahorro-vascas.html | access-date=22 February 2024 | date=29 March 2023 | title=Kutxabank seguirá solo en manos de las tres antiguas cajas de ahorro vascas | lang=Spanish | first=Mikel | last=Ormazabal}}
{{Portal|Banks}}
{{Members of Euro Banking Association}}
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Category:Defunct banks of Spain
Category:Organisations based in Bilbao
Category:1990 establishments in the Basque Country (autonomous community)
Category:Banks established in 1990
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