Bilbao Bizkaia Kutxa (BBK) was a bank in Spain.[1] On June 30, 2014, the General Assembly of BBK approved the transformation of the entity into a banking foundation, in accordance with the Law on Savings Banks and Banking Foundations.[2]
In Biscay, the name "BBK" is maintained as a trademark of Kutxabank, an entity of which the foundation owns part of the shareholding (as of December 2023, 57%).[3]
History
(Basque for 'Bilbao Biscay Savings Bank') was a Spanish savings bank based in the province of Biscay in the Basque Country, Spain. Its full name was Bilbao Bizkaia Kutxa, Aurrezki Kutxa eta Bahitetxea (in Spanish Caja Bilbao Vizcaya, Caja de Ahorros y Monte de Piedad). It was formed in 1990 when the Caja de Ahorros Municipal de Bilbao and the Bizkaiko Aurrezki Kutxa-Caja de Ahorros Vizcaína were merged. The company headquarters were in Bilbao. On 1 January 2012 it merged with other Basque financial entities (a "loose merger"),