Kutxa

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Gipuzkoa eta Donostiako Aurrezki Kutxa
Industry Financial services
Founded 1990
Headquarters San Sebastián, Spain
Key people Carlos Etxepare Zugasti (Chairman)
Products Banking, insurance
Website www.kutxa.net
References: BIC/SWIFT code: CGGKES22

The Kutxa (pronounced [ˈkutʃa]; short for Basque: Gipuzkoa eta Donostiako Aurrezki Kutxa "Savings Bank of Gipuzkoa and San Sebastián") was a savings bank operating with 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, Bilbao Bizkaia Kutxa (BBK) and Caja Vital Kutxa, to form Kutxabank.

History[edit]

The origins of this entity go back to 1879, when the Caja de Ahorros y Monte de Piedad Municipal de San Sebastián was founded in the city of San Sebastián. In 1896 the Caja de Ahorros Provincial de Guipúzcoa followed. In 1990 both entities merged in a single savings bank, hereafter known by the commercial name of Kutxa.

In 2006 it had 128 offices in Gipuzkoa, where it is the first financial entity, and some other 145 offices out of this territory. It is presently under a steady expansion period. Its staff amounts to above 2500 employees.

Companies of which Kutxa holds shares[edit]

Kutxa holds shares of a wide variety of companies (investment funds, financial ones, insurances, industry, services, etc.). Among the most significant shares are an 11% of the Construcciones y Auxiliar de Ferrocarriles (C.A.F.), 22.98% of Euskaltel, 9.98% of Banco Guipuzcoano, 3,01% of Zeltia, 5% of Grupo Recoletos, 3% of NH Hotels, 17% of Ingelectric, 41,73% of Ibermática, etc.

External links[edit]