| Type | Sociedad Anónima |
|---|---|
| Industry | Private banking and wealth management |
| Founded | Betanzos, Galicia (1717) |
| Founder(s) | Jean D’Etcheverry |
| Headquarters | A Coruña, Spain |
| Key people | Javier Etcheverría, Chairman Domingo Etcheverría, Vice-Chairman Francisco Botas, CEO |
| Employees | 150 (2007)[1] |
| Website | www.bancoetcheverria.es |
Banco Etcheverría is the oldest bank in the Spanish financial system (older by over half a century than the Bank of Spain itself). It was founded in Betanzos, A Coruña (Spain) in 1717 by Juan Etcheverry, a French businessman established in Galicia who also created a tanning factory.
His family inherited and continued the bank business through generations; the primitive Etcheverry transformed into Etcheverría to adapt to Spanish spelling (although the standard Spanish spelling is now Echeverría) The name comes from the Basque language Euskera - Etxeberria, meaning "new house". In 1964 it became an S.A. (corporation). Its stockholders (Francisco Javier, Asunción, María Cruz and Magdalena Etcheverría de la Muela) are all from the Etcheverría family, except the Caixa Galicia corporation, which bought a 37,12% in 2002 for 13,25 million Euro[2].
It currently has offices in all four Galician provinces as well as in Madrid[3]. The bank has specialized in personal banking and wealth management[4].