Caixabank

Caixabank, S.A.
Type Sociedad Anónima
Traded as BMAD: CABK
Industry Financial services
Founded 2011
Headquarters Barcelona, Spain
Key people Isidre Fainé Casas (Chairman), Juan María Nin (CEO)
Products Universal banking, insurance, investment holdings
Operating income €2.095 billion (2010)[1]
Profit €1.823 billion (2010)[1]
Total assets €50.99 billion (end 2010)[1]
Total equity €14.70 billion (end 2010)[1]
Employees 109 (end 2010)[1]
Parent La Caixa
Website www.caixabank.com

Caixabank, S.A. (formerly Criteria CaixaCorp) is a financial services company, controlled with an 81% stake by Spanish savings bank La Caixa. The company consists of the universal banking and insurance activities of the La Caixa group, along with the group's stakes in the oil and gas firm Repsol YPF, the telecommunications company Telefónica and its holdings in several other financial institutions. Isidre Fainé is the Chairman of the company, having replaced Ricard Fornesa Ribó in May 2009,[2] and its CEO is Juan María Nin.

Contents

History

The firm was formed in 2007 as Criteria CaixaCorp, a publicly-traded vehicle for La Caixa's shareholdings and investments in both industrial and financial services companies. At the time of its 2007 debut, the Criteria CaixaCorp initial public offering was the largest-ever in Spain.[3] The company was promoted to the IBEX 35 index in January 2008.[4]

A 2011 restructuring of the companies of the group saw Criteria renamed Caixabank as La Caixa's banking and insurance activities were merged into it.[5] At the same time most of the industrial stakes held by Criteria (including Grupo Port Aventura, Grupo Agbar, Gas Natural and Abertis) were transferred out of the firm to the new entity CaixaHolding, 100% owned by La Caixa.[6] Caixabank retained stakes in Repsol YPF and Telefónica as well as all of its holdings in other financial services companies.

Holdings

Significant declared shareholdings as of 30 June 2011 were:[7]

Company % of share capital
Banco BPI 30.1%
Boursorama 20.7%
Grupo Financiero Inbursa 20.0%
The Bank of East Asia 15.7%
Repsol YPF 12.8%
Erste Group 10.1%
Telefónica 5.4%
Bolsas y Mercados Españoles 5.0%

References

  1. ^ a b c d e "Annual Report 2010" (PDF). Criteria CaixaCorp. http://www.caixabank.com/deployedfiles/caixabank/Estaticos/PDFs/Informacion_accionistas_inversores/Informacion_Economica_Financiera/Informe_Anual_y_Cuentas/2010/annual_accounts_2010_en.pdf. Retrieved 22 October 2011. 
  2. ^ "Fainé releva hoy a Fornesa en la cúpula de Criteria" (in Spanish). El País. 7 May 2009. http://www.elpais.com/articulo/economia/Faine/releva/hoy/Fornesa/cupula/Criteria/elpepueco/20090507elpepieco_5/Tes. Retrieved 2009-05-12. 
  3. ^ "A new conquistador". The Economist. 11 October 2007. http://www.economist.com/finance/displaystory.cfm?story_id=9953349. Retrieved 2008-12-31. 
  4. ^ "Notice from the Technical Advisory Committee of the IBEX Indices concerning Aguas de Barcelona, S.A. and Altadis, S.A.". Sociedad de Bolsas. 29 January 2008. http://www.sbolsas.com/ing/ficheros/documentos/comiteasesor/AC02-08en.pdf. Retrieved 2008-01-29. 
  5. ^ Mallet, Victor (12 May 2011). "Caixabank to float as part of wider revamp". Financial Times. http://www.ft.com/cms/s/0/328157a8-7ccf-11e0-994d-00144feabdc0.html#axzz1bWNeoUAK. Retrieved 22 October 2011. 
  6. ^ Nicholson, Chris V. (13 May 2011). "La Caixa Moves to Take Banking Arm Public". The New York Times. http://dealbook.nytimes.com/2011/05/13/la-caixa-moves-to-take-banking-arm-public/. Retrieved 22 October 2011. 
  7. ^ "Presentation of Results, 1H 2011". Caixabank. 22 July 2011. http://www.caixabank.com/deployedfiles/caixabank/Estaticos/PDFs/Informacion_accionistas_inversores/Informacion_Economica_Financiera/Presentacion_resultados_1H2011_ENG.pdf. Retrieved 22 October 2011. 

External links

IBEX 35 companies of Spain