July 14, 2014 2:20 AM ET

Banks

Company Overview of Kutxabank S.A.

Company Overview

Kutxabank, S.A., together with its subsidiaries, provides banking products and services to individual customers, SMEs, and developers. It operates through Kutxabank, CajaSur Banco Subgroup, Insurance Companies, and Other Business Activities segment. The company offers mortgage loans, consumer loans, demand and time savings products, guarantees, and debit and credit cards, as well as provides financing for businesses and developers. It is also involved in the business of venture capital; railway material acquisition and lease; management of collective investment undertakings; issuance of financial instruments; holding of shares; brokerage of investment transactions; pension fund management; a...

Gran Vía 30-32

Bilbao,  48009

Spain

Founded in 2011

Key Executives for Kutxabank S.A.

Executive Chairman
Non Member Vice Chairman
Non Member Secretary
Compensation as of Fiscal Year 2014.

Kutxabank S.A. Key Developments

Kutxabank To Sell Stake In Natraceutical

Kutxabank S.A. is planning to sell 4.58% stake in Natraceutical SA (CATS:NTC), as it had included the stake in the list of non core assets. As a result, the representative of Kutxabank on the Board of Natraceutical, Teresa Lozano, has resigned, the Natraceutical group said in a filing with the national stock market regulator CNMV on January 9, 2014.

Kutxabank S.A. Announces Group Earnings Results for the Third Quarter Ended Sep. 30, 2013

Kutxabank S.A. announced group earnings results for the third quarter ended Sep. 30, 2013. For the quarter, the bank posted results attributed to the group of EUR 60.3 million, just a 4.4% below the profits for the same period in 2012. Pre-provisioning profit was EUR 426.5 million. Trading income and others was EUR 1,035.4 million.

Kutxabank S.A. Announces Strategic Alliance with International Business Machines Corporation to Transform IT Infrastructure

Kutxabank S.A. and International Business Machines Corporation have announced a ten-year, over EUR 200 million value, strategic services agreement. According to a release, under the agreement, IBM will transform and optimize the bank's technology infrastructure, which will help drive the bank's strategy. The new strategic alliance is expected to gain important savings for Kutxabank over the term of the agreement. Kutxabank integrated its technology after merging the Spanish saving banks BBK, Kutxa, Caja Vital and CajaSur. IBM will focus on successfully achieving part of the restructuring process. Through this strategic outsourcing agreement, IBM will innovate and develop the bank's IT infrastructure and will provide branch offices and ATM maintenance, generating Kutxabank greater cost efficiencies and business flexibility to better adapt to market changes part of the agreement, IBM will create a new company and two new technology management centers in the Basque Country region (Spain), which will provide IT services to Kutxabank and additional IBM's Spain clients.

Similar Private Companies By Industry

Company Name Region
Banco Europeo de Finanzas, S.A. Europe
Ibercaja Banco S.A.U. Europe
CajaSur Banco S.A.U. Europe
Banco Caminos S.A. Europe
Santusa Holding, S.L. Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 10, 2014
Kutxabank S.A., Ground Floor and Basement of Headquarters
Merger/Acquisition
January 9, 2014
Ibersuizas Alfa, S.L.
Merger/Acquisition
December 9, 2013
Datasur S.A.
 

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