Criteria CaixaCorp
 |
|
| Sociedad Anónima | |
| Traded as | BMAD: CABK |
| Industry | Financial services |
| Founded | 2011 |
| Headquarters | Barcelona, Spain |
|
Key people
|
Jordi Gual (Chairman), Gonzalo Cortazar (CEO) |
| Products | Universal banking, insurance, investment holdings |
| Profit | €503 million (12M'13) |
| Total assets | $409.8 billion (2015) |
|
Number of employees
|
31,948 (12M'13) |
| Parent | Criteria CaixaHolding |
| Website | www.caixabank.com |
CaixaBank, S.A. (Catalan pronunciation: [ˌkaʃəˈbaŋ]), formerly Criteria CaixaCorp, is a Spanish financial services company owned by the Catalan savings bank La Caixa with a 72.76% stake. Headquartered in Barcelona, 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. It is Spain's third-largest lender by market value and with 6,631 branches to serve its 13.2 million customers, CaixaBank has the most extensive branch network in the Spanish market.
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. The company was promoted to the IBEX 35 index in January 2008.
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. 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 Criteria CaixaHolding, 100% owned by La Caixa. Caixabank retained stakes in Repsol YPF and Telefónica as well as all of its holdings in other financial services companies.
On 26 March 2012 CaixaBank announced its intention to merge with Banca Cívica, valuing Civica at 977 million euro. The merger is intended to be completed in the 3rd quarter of the year and will create the largest bank in Spain.
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