Bilbao Bizkaia Kutxa

Last updated

Bilbao Bizkaia Kutxa
Industry Financial services
Founded1990
Headquarters Bilbao, Spain
Key people
Mario Fernandez (Chairman)
Products Banking, insurance
Website www.bbk.es

Bilbao Bizkaia Kutxa (BBK) was a bank in Spain.

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.

Contents

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%.

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