Bilbao Bizkaia Kutxa
| Company type | Financial institution |
|---|---|
| Industry | Banking and financial services |
| Founded | 1990 |
| Fate | Merged into Kutxabank in 2012 |
| Successor | Kutxabank |
| Headquarters | Bilbao , Spain |
Area served | Basque region, Spain |
| Products | Banking services |
Bilbao Bizkaia Kutxa (BBK) was a financial institution based in Bilbao, Spain. Established in 1990 through the union of Caja de Ahorros Municipal de Bilbao and Bizkaiko Aurrezki Kutxa-Caja de Ahorros Vizcaína, BBK primarily served the Basque region. On January 1, 2012, it combined forces with Kutxa and Caja Vital Kutxa to create Kutxabank, a prominent banking group in the Basque Country.
In July 2010, BBK broadened its market footprint by acquiring CajaSur, which positioned it as the seventh-largest bank in Spain at that time. The institution also maintained key minority holdings in several companies, including a 6.84% share in Iberdrola, 33.99% in Euskaltel, 5% in Enagas, and 2.2% in Red Eléctrica.
The decision to establish Kutxabank was ratified on September 16, 2011, when BBK agreed to form a Sistema Institucional de Protección (SIP) alongside Caja Vital and Kutxa, merging their banking operations into a single entity starting from 2012.
Following the guidelines of the Law on Savings Banks and Banking Foundations, BBK's General Assembly converted the organization into a banking foundation on June 30, 2014. As of December 2023, the BBK Foundation holds a controlling 57% stake in Kutxabank, continuing to preserve the BBK brand within Biscay.