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| Kutxa headquarters in San Sebastian, Gipuzkoa |
Kutxa (Gipuzkoa Donostia Kutxa) was the main financial institution operating in Gipuzkoa, one of the three provinces of northern Spain's Basque Country. It was set up on 1st December 1990 as the result of fusing the Caja de Ahorros Municipal de San Sebastián (created in April 1879) and Caja de Ahorros Provincial de Gipuzkoa (founded in July 1896). With €21 billion in assets, it hold market shares of about 40% and 50% of the province's customer loans and deposits, respectively. Kutxa's indisputable market position in Guipúzcoa resulted from its powerful market image and dense distribution network (covering a large number of small villages), and from the Basque Country's strong regional identity. At year-end 2010, it had 347 branches, of which 205 were outside Guipúzcoa. It also had 5 branches in France. Like all Spanish savings banks, Kutxa had no shareholders. Its governing bodies included local and regional government representation, which acted without significant political interference.
In January 2012, Kutxa merged with other Basque savings banks, BBK (Bilbao Bizkaia Kutxa) and Caja Vital, to form Kutxabank S.A.
Head office address:
Garibai 15
Donostia-San Sebastián
Gipuzkoa 20004, Spain
Phone number: 900 44 55 66
Website: http://kutxa.kutxabank.es