Kutxa

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The Caja de Ahorros y Monte de Piedad de Gipuzkoa y San Sebastián (Kutxa), is a savings bank operating with a regional scope in the Gipuzkoa province of Spain. The name "Kutxa" comes from the Basque name of the bank, Gipuzkoa eta Donostiako Aurrezki Kutxa (Gipuzkoa and Donostia Savings Bank).

[edit] History

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 Donostia. 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.

[edit] Companies of which Kutxa holds shares

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.