March 26, 2017 1:24 AM ET

Banks

Company Overview of Kutxabank S.A.

Company Overview

Kutxabank, S.A. provides banking products and services to individuals, SMEs, and developers in Spain, other European Union countries, and internationally. It operates through Kutxabank Subgroup, CajaSur Banco Subgroup, Insurance Companies, and Other Business Activities segments. The company offers demand and time saving products, mortgage loans, consumer loans, financing for businesses and developers, guarantees, and debit and credit cards. It also provides venture capital, property development and leasing, railway material acquisition and leasing, industrial property project, financial, business advisory, pension fund management, broker-dealer, insurance brokerage, and administrative servic...

Gran Vía 30

Bilbao,  48009

Spain

Founded in 2011

5,931 Employees

Key Executives for Kutxabank S.A.

Executive Chairman
Age: 65
Non Member Vice Chairman
Non Member Secretary
Deputy General Manager of Control and Internal
Corporate General Manager
Compensation as of Fiscal Year 2016.

Kutxabank S.A. Key Developments

Kutxabank S.A., Annual General Meeting, Jun 30, 2016

Kutxabank S.A., Annual General Meeting, Jun 30, 2016.

The Kutxabank Group Reports Earnings Results for the First Quarter Ended March 2016

The Kutxabank Group reported earnings results for the first quarter ended March 2016. For the quarter, the company reported net profit of EUR 75.2 million, 16.5% more than in the same period of 2015, which exceeds the company's predictions and supports the sustainability of its annual results. This profit, to which CajaSur contributed EUR 3.6 million, was obtained due to the suitable management of the business pillars, the increase derived from marketing of new financial products, the relevant recurring income from its investment portfolio, its cost containment policy and the lower demand for provisions. Income from customers was EUR 233.1 million, a decrease of 5.0% from the previous year. Pre-provisioning profit was EUR 133.2 million, a decrease of 10.0% from the previous year. Pre-tax income was EUR 78.6 million, an increase of 0.3%.

Kutxabank Reports Consolidated Earnings Results for the Year Ended Dec. 31, 2015

Kutxabank reported consolidated earnings results for the year ended Dec. 31, 2015. For the year, the company reported aggregate of nim and fee income of EUR 975.2 million compared to EUR 966.2 million a year ago. Pre-provisioning profit was EUR 633.6 million compared to EUR 479.9 million a year ago. Pre-tax income was EUR 204.3 million compared to EUR 146.7 million a year ago. Net income attributed to the group was EUR 218.8 million compared to EUR 150.3 million a year ago. These results were attained in a context of improvement in macroeconomic indicators, but also of the persistence of factors detrimental to the banking business such as extremely low market interest rates, which dipped close to zero.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 29, 2016
EURO 6000, S.A.
Merger/Acquisition
December 21, 2016
Construcciones y Auxiliar de Ferrocarriles, S.A.
 

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