 | |
 Headquarters inBarcelona | |
| Company type | Sociedad Anónima |
|---|---|
| BMAD: CABK | |
| ISIN | ES0140609019 |
| Industry | Financial services |
| Founded | January 2011; 14 years ago (2011-01) inBarcelona,Spain |
| Headquarters | Valencia, Spain (registered office) Barcelona, Spain (operations office) Madrid, Spain (operations office) |
Key people | José Ignacio Goirigolzarri(Chairman), Gonzalo Gortazar(CEO) |
| Products | Universal banking,insurance,investment holdingsCaixaBank, Informe Financiero Anual 2018 |
| 2,781 (January – March 2024) | |
| Total assets | €664,999 billion (Q3 2025) |
| Owner | Criteria Caixa (32.2%) Spanish government (17.3%) Free floating (50.3%) |
Number of employees | 45,005 (January – March 2024) |
| Website | www.caixabank.com |
CaixaBank, S.A. (Catalan pronunciation:[ˌkaʃəˈbaŋ]), formerlyCriteria CaixaCorp, is a Spanish multinationalfinancial services company. CaixaBank is based inValencia, with operations offices inBarcelona andMadrid. It is Spain's third-largest lender by market value, afterBanco Santander andBBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers, and has the most extensive branch network in the Spanish market.[1] It is listed in theBolsa de Madrid and is part of theIBEX 35.
The company consists of theuniversal banking andinsurance activities of theLa Caixa group, the telecommunications companyTelefónica and its holdings in several other financial institutions.
CaixaBank has been designated as a Significant Institution since the entry into force ofEuropean Banking Supervision in late 2014, and as a consequence is directly supervised by theEuropean Central Bank.[2][3]
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 CaixaCorpinitial public offering was the largest-ever in Spain.[4] The company was promoted to theIBEX 35 index in January 2008.[5]
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.[6] At the same time most of the industrial stakes held by Criteria (includingGrupo Port Aventura,Grupo Agbar,Gas Natural, andAbertis) were transferred out of the firm to the new entity Criteria CaixaHolding, 100% owned by La Caixa.[7] 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 withBanca Cívica, valuing Civica at €977 million. The merger was completed in the 3rd quarter of the year and created the largest bank in Spain.[8][9]
On 27 November 2012, CaixaBank announced its plan to buy the nationalized bank Banco de Valencia after Spain's bank restructuring fund FROB injected €4.5 billion into Banco de Valencia. The FROB also assumed losses of up to 72.5% for a period of ten years in certain assets held by Banco de Valencia.[10]
On 26 September 2013, CaixaBank approved the sale of its real estate unit Servihabitat to a joint venture between the bank and private equity fund Texas Pacific Group (TPG) for an initial price of €310 million. CaixaBank's parent company, financial group La Caixa, said it estimated it would bring in €317 million in capital gains from the deal.[11]
In June 2014 CaixaBank's Board of Directors appointed Gonzalo Gortázar as their new CEO, having approved the resignation by mutual consent of Juan María Nin as Deputy Chairman and CEO.[12] In his first interview since becoming CEO, Gonzalo Gortázar stated "There are a number of priorities for CaixaBank. The first one is dealing with the last legs of the crisis. We want to normalize the balance sheet and we want to normalize funding costs."[13]
On 6 October 2017, the bank announced its decision to move its legal headquarters toValencia as a response topolitical uncertainty inCatalonia.[14] A few days later the bank decided to also move its fiscal domicile to Valencia.[15]
On 4 September 2020, it was confirmed that CaixaBank andBankia were negotiating a potential merger. The merger would create the biggest domestic bank in Spain with assets under management of €650 billion.[16] The acquisition ofBankia by CaixaBank was finalised in spring 2021 and created the third-largest Spanish banking group.[17]
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The Fund for Orderly Bank Restructuring (FROB), a banking bailout and reconstruction program initiated by the Spanish government in June 2009, facilitated the merger between CaixaBank and Banco de Valencia on 27 November 2012.[18]
With competitors such as Banco Santander SA with 4,752 Spanish branches, CaixaBank announced it was conducting a "gradual process" of adjusting its branch networks on 9 January 2013.[19]
CaixaBank SA sold 13.1 billion pesos of shares in Grupo Financiero Inbursa SAB to both bolster trading in the Mexican lender controlled by billionaire Carlos Slim and replenish money lost amid Spain's property crash.[20]
Following the merger of state-ownedBankia and private CaixaBank, Criteria Caixa (and, therefore, the "la Caixa" Foundation) held 30.012% of the bank. TheGovernment of Spain, through theFROB and its company BFA Tenedora de Acciones, became a major shareholder of the company with 16.117%.[21]
As of February 2025,[22][23] both the Government of Spain and the "la Caixa" Foundation increased their participation, remaining as follows:
| Company | % of share capital |
|---|---|
| Banco BPI | 100% |
| SegurCaixa Adeslas | 49.92% |
| Comercia Global Payments | 49% |
| Coral Homes | 20% |
| Sareb | 12,24% |
| Erste Group | 9.92% |
| Telefónica | 5.019% |
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