Kutxabank, S.A.

Kutxabank, S.A. is a Spanish banking group headquartered in Bilbao and formed in 2012 from the merger of the Basque savings banks BBK, Kutxa, and Caja Vital; it also controls Cajasur Banco, S.A.U., which operates mainly in Andalusia following BBK’s 2010 acquisition of CajaSur. The bank focuses on retail and SME banking with a mortgage-heavy loan book, complemented by corporate banking, asset management, and insurance distribution through bancassurance arrangements, and it offers private banking services via a dedicated unit. Kutxabank is not listed and is owned by regional banking foundations that receive dividends and support social initiatives independently of the bank’s balance sheet. The group’s funding is largely deposit-based and is supplemented by covered bonds and senior preferred/non-preferred issuances to meet market and MREL requirements. Public financial reporting has historically indicated a conservative risk profile relative to the Spanish sector, with solid capital ratios and comparatively low problem loan metrics, though figures vary by period and should be checked in the latest reports. Operations are primarily domestic, with a branch network centered in the Basque Country and a distinct presence in Andalusia through Cajasur, alongside nationwide digital channels and ongoing network optimization. Kutxabank is subject to European and Spanish banking regulation under the Single Supervisory Mechanism and the Bank of Spain and participates in the Spanish Deposit Guarantee Fund, which covers eligible deposits up to €100,000 per depositor. Product pricing and availability differ by region and channel and are sensitive to Euribor and policy rate moves; customers should review the bank’s pre-contractual information, fee schedules, and linked-product conditions, including early repayment costs and cross-selling requirements. The group publishes audited annual and interim accounts and Pillar 3 disclosures detailing solvency, liquidity, asset quality, and market risk.