CaixaBank S.A. Company History and Structure

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CaixaBank S.A. has its roots in the 12th century, with the founding of the first savings bank in Spain.

The bank's history is marked by a series of mergers and acquisitions, starting with the merger of Caja de Ahorros y Montepío de Barcelona and Caja de Ahorros y Pensiones de Barcelona in 1990.

CaixaBank S.A. is a multinational bank with a significant presence in Spain and Latin America.

The bank's structure includes a network of branches and ATMs, as well as digital banking services.

Company Structure

CaixaBank S.A. has a strong and stable company structure, which is reflected in its organizational chart. The bank is led by a Board of Directors, which is responsible for setting the overall strategy and direction of the company.

The Board of Directors is composed of 14 members, including the Chairman, who is also the CEO. This leadership team is responsible for making key decisions and overseeing the bank's operations.

CaixaBank S.A. is a subsidiary of La Caixa, a Spanish financial services company that is one of the largest in Europe.

Shareholders

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The shareholders of CaixaBank play a significant role in the company's decision-making process. The majority shareholder is the "la Caixa" Foundation, which holds a 32.2% stake in the bank.

The Government of Spain also has a significant stake, with the FROB holding 17.3% of the shares. This gives the government a substantial amount of influence over the bank's operations.

The remaining shares are held by the public, making up 50.3% of the company. This is a significant public float, indicating that many individual investors have a stake in the bank.

Here's a breakdown of the shareholders' stakes:

  • "la Caixa" Foundation: 32.2%
  • FROB: 17.3%
  • Public float: 50.3%
  • Stock and Board of Directors: 0.1%

Branches and Offices

CaixaBank has a significant international presence with branches and offices in various countries.

They have a branch in Frankfurt Am Main, Germany, located at Schillerstrasse 2, 4 OG.R.

CaixaBank also has a presence in major European cities, including Paris, France, and London, United Kingdom.

In Asia, they have offices in Singapore, India, and China.

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Their office in Singapore is located at #34-02 Singapore Land Tower, 50, Raffles Place, 048623 Singapore.

CaixaBank's presence in the Middle East includes an office in Dubai, United Arab Emirates, located at Office 606, Fairmont Hotel, Sheikh Zayed Road, Po Box 9894 Dubai, UAE.

In South America, they have offices in Chile and Colombia.

In Africa, they have a branch in Morocco, covering foreign trade services for several countries, including Cameroon, Ghana, Equatorial Guinea, Mauritania, and Senegal.

Here is a list of some of CaixaBank's international branches and offices:

Financial Performance

Caixabank S.A. has consistently delivered strong financial performance over the years. The bank's net interest income has grown steadily, driven by a combination of factors including a robust loan portfolio and a well-managed deposit base.

Caixabank's non-interest income has also shown significant growth, driven by an increase in fees and commissions from its retail and corporate banking activities. This growth has been particularly notable in the bank's digital channels, where it has seen a significant increase in online transactions and mobile banking users.

The bank's operating expenses have remained under control, with a focus on cost efficiency and process optimization.

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Lobbying costs have been increasing steadily over the past decade, with a notable spike in 2018. This trend is largely driven by the growing complexity of regulations and the need for companies to navigate them effectively.

In 2020, lobbying expenditures reached a record high of $3.44 billion. This represents a 12% increase from the previous year.

The largest industries in terms of lobbying expenditures are finance and healthcare, which together account for over 40% of total lobbying costs.

Retorno Dividendos

Caixabank SA's dividend payment is a significant aspect of its financial performance. The possible dividend payment is 0.1047.

The return dividend yield is a measure of the percentage of return an investor can expect to receive in relation to the stock price. It's calculated by dividing the annual dividend by the stock price.

Caixabank SA's gross profit is 15.29B, indicating the profit made after subtracting direct costs related to production or acquisition of goods and services sold.

The net profit of the company is 4.82B, reflecting the available investment after deducting all expenses.

These figures demonstrate the company's financial solidity and ability to generate significant profits.

History

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CaixaBank SA was founded in 2010, making it a relatively modern entity in the Spanish financial sector.

The company is headquartered in Valencia and has a strong presence in the Spanish market, offering a wide range of financial services, including retail banking, investment banking, insurance, and asset management.

CaixaBank SA is a key player in the Spanish economy, listed on the Ibex 35 index, which reflects its relevance and importance in the country's financial landscape.

The company has made significant strides in digitalization, allowing it to adapt to changing market needs and reach a broad customer base through its extensive network of offices and digital presence.

Spanish Financial Crisis (2008-2013)

The Spanish financial crisis from 2008 to 2013 was a challenging period for the country's economy. CaixaBank initiated a merger with Banco de Valencia in 2012, facilitated by the Fund for Orderly Bank Restructuring (FROB).

CaixaBank had to compete with large institutions like Banco Santander SA, which had 4,752 Spanish branches at the time. CaixaBank announced a plan to adjust its branch network in 2013.

The financial crisis led to significant losses for CaixaBank, which sold 13.1 billion pesos of shares in Grupo Financiero Inbursa SAB to Carlos Slim's Mexican lender.

La Historia

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CaixaBank SA is a major financial entity in Spain, with its headquarters in Valencia.

The company was founded in 2010, marking the beginning of its journey as a leading player in the banking sector.

CaixaBank SA is listed on the Ibex 35 index, a testament to its significant presence in the Spanish economy.

Its extensive network of offices and strong digital presence enable the company to reach a vast audience.

CaixaBank has made significant acquisitions, such as the purchase of Bankia, which has strengthened its position in the market.

The company's commitment to sustainability and social responsibility is evident in its various initiatives promoting economic and social development in the communities it serves.

CaixaBank's focus on innovation and digitalization has allowed it to adapt to the changing market needs, setting it apart from its competitors.

The company's dedication to customer attention and digital innovation has enabled it to establish a solid reputation in the industry.

Frequently Asked Questions

Is CaixaBank only in Spain?

No, CaixaBank has a significant presence in Portugal, where it controls 100% of Banco BPI. While Spain is our core market, our European presence extends beyond our home country.

How do I talk to CaixaBank in English?

To contact CaixaBank in English, call the international number +34 600 40 40 90 or the senior customer service number +34 93 887 25 24, both of which have English-speaking representatives available.

Ruben Quitzon

Lead Assigning Editor

Ruben Quitzon is a seasoned assigning editor with a keen eye for detail and a passion for storytelling. With a background in finance and journalism, Ruben has honed his expertise in covering complex topics with clarity and precision. Throughout his career, Ruben has assigned and edited articles on a wide range of topics, including the banking sectors of Belgium, Luxembourg, and the Netherlands.

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