The Kutxa is a savings bank

Savings bank

A savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions.In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original objective was to provide easily accessible savings products to...

 operating with a regional scope in the Gipuzkoa province

Province

A province is a territorial unit, almost always an administrative division, within a country or state.-Etymology:The English word "province" is attested since about 1330 and derives from the 13th-century Old French "province," which itself comes from the Latin word "provincia," which referred to...

 of Spain

Spain

Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

. Its Spanish name

Spanish language

Spanish , also known as Castilian , is a Romance language in the Ibero-Romance group that evolved from several languages and dialects in central-northern Iberia around the 9th century and gradually spread with the expansion of the Kingdom of Castile into central and southern Iberia during the...

 is Caja de Ahorros y Monte de Piedad de Gipuzkoa y San Sebastián but it is most widely referred to as Kutxa.

History

The origins of this entity go back to 1879, when the Caja de Ahorros y Monte de Piedad Municipal de San Sebastián was founded in the city of San Sebastián. In 1896 the Caja de Ahorros Provincial de Guipúzcoa followed. In 1990 both entities merged in a single savings bank, hereafter known by the commercial name of Kutxa.

In 2006 it had 128 offices in Gipuzkoa, where it is the first financial entity, and some other 145 offices out of this territory. It is presently under a steady expansion period. Its staff amounts to above 2500 employees.

Companies of which Kutxa holds shares

Kutxa holds shares of a wide variety of companies (investment funds, financial ones, insurances, industry, services, etc.). Among the most significant shares are an 11% of the Construcciones y Auxiliar de Ferrocarriles

Construcciones y Auxiliar de Ferrocarriles

Construcciones y Auxiliar de Ferrocarriles is a rail equipment manufacturer based in Beasain in the Basque Country, Spain. Equipment manufactured by CAF includes light rail vehicles, rapid transit trains, railroad cars and locomotives, as well as variable gauge axles that can be fitted on any...

 (C.A.F.), 22.98% of Euskaltel

Euskaltel

Euskaltel, S.A. is a telecommunications company based in the Spanish autonomous community Basque Country, with its headquarters in Derio . Its name literally translates into English as "Basque-Tel"...

, 9.98% of Banco Guipuzcoano, 3,01% of Zeltia, 5% of Grupo Recoletos, 3% of NH Hotels, 17% of Ingelectric, 41,73% of Ibermática, etc.