Company Overview of Kutxabank S.A.
Kutxabank, S.A., together with its subsidiaries, provides banking products and services to individual customers, SMEs, and developers. The company operates through Kutxabank Subgroup, BBK Bank CajaSur Subgroup, and Insurance Companies segment. Its products and services include demand and time savings products, mortgage loans, consumer loans, guarantees, debit cards, and insurance products. The company also offers financing for businesses and developers. It operates through a network of 1,211 branches, including 459 in the Basque Country Autonomous Community, 167 in Córdoba, 580 in the rest of Spain, and 5 in France. The company was formerly known as Banco Bilbao Bizkaia Kutxa, S.A. and chang...
Gran Vía 30-32
Founded in 2011
Key Executives for Kutxabank S.A.
Compensation as of Fiscal Year 2013.
Kutxabank S.A. Key Developments
Kutxabank S.A. Announces Group Earnings Results for the Third Quarter Ended Sep. 30, 2013
Nov 12 13
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
Jul 31 13
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.
Kutxabank SA Announces Administrative Board Changes
Feb 15 13
On February 14 Kutxabank SA named Luis Viana Apraiz and Juan Mar a Ollora Ochoa de Aspuru new administrative board members. They replace Carlos Vicente Zapatero Berdonces and Fernando Raposo Bande. The administrative board also agreed to appoint Viana Apraiz as second vice chairman.
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