Tag #Kutxabank

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cincodias.elpais.com

🌐 85% Global Worthiness

Mar 31, 10:10

Spanish Banking Foundations Re-emerge as Key Industrial Players

Spanish banking foundations are re-emerging as major industrial investors, mirroring the cajas' past role but with a focus on strategic autonomy and profitability, as evidenced by Criteria's 48% asset value increase plan and Kutxabank's new 500 million euro Indar investment vehicle.

Spanish Banking Foundations Re-emerge as Key Industrial Players

Spanish banking foundations are re-emerging as major industrial investors, mirroring the cajas' past role but with a focus on strategic autonomy and profitability, as evidenced by Criteria's 48% asset value increase plan and Kutxabank's new 500 million euro Indar investment vehicle.

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Decent Work and Economic Growth

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What is the primary impact of banking foundations' renewed industrial investment on the Spanish economy?

Spanish savings banks, or cajas, once played a crucial role in the Spanish economy, holding significant stakes in national companies. Following the 2008 financial crisis, regulations transformed them into standard banks, leading to a decline in industrial investment. Now, however, banking foundations are reviving this model, creating new industrial holdings and increasing their participation in strategic companies.

cincodias.elpais.com

🌐 75% Global Worthiness

Mar 18, 16:10

Kutxabank Creates €500 Million Investment Group Indar

Kutxabank established Indar, a €500 million investment group led by José Iturriaga, to invest in Basque companies, mirroring CaixaBank's Criteria model, while transferring €400 million in Iberdrola shares to its founding institutions to meet risk regulations.

Kutxabank Creates €500 Million Investment Group Indar

Kutxabank established Indar, a €500 million investment group led by José Iturriaga, to invest in Basque companies, mirroring CaixaBank's Criteria model, while transferring €400 million in Iberdrola shares to its founding institutions to meet risk regulations.

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Decent Work and Economic Growth

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How does Indar's strategy address Kutxabank's long-standing opposition to an IPO?

This strategy mirrors CaixaBank's Criteria group, allowing Kutxabank to manage its portfolio and invest further while adhering to its non-IPO policy. Indar's investments will primarily target Basque Country companies across various sectors.

elmundo.es

🌐 75% Global Worthiness

Mar 29, 01:13

Kutxabank Unveils "Benetan" Plan: €1 Billion Dividend, €150 Billion Business Volume Target

Kutxabank's "Benetan" strategic plan, announced in 2025, targets €150 billion in business volume by 2027, fueled by a €620 million digital investment, over 450 new hires, and €1 billion in dividends to its founding banks.

Kutxabank Unveils "Benetan" Plan: €1 Billion Dividend, €150 Billion Business Volume Target

Kutxabank's "Benetan" strategic plan, announced in 2025, targets €150 billion in business volume by 2027, fueled by a €620 million digital investment, over 450 new hires, and €1 billion in dividends to its founding banks.

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40% Bias Score

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How does Kutxabank plan to achieve its ambitious growth targets, and what specific sectors or areas will drive this expansion?

The "Benetan" plan focuses on growth and revenue diversification across various sectors, including a 20% increase in the mortgage market (where Kutxabank is already a leader in Euskadi) and a 35% rise in business loans. This expansion will be supported by a €620 million investment in digital transformation, representing a 78% increase compared to the previous plan.

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