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Our history

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Almost 120 years transforming and preserving our essence.
BBK was founded as a Savings Bank in Bilbao 117 years ago and continues to drive the development and well-being of Bizkaia. Through its social project work and investment in business projects, it seeks to generate value and improve the lives of local inhabitants of the territory.

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Birth of the Bilbao Municipal Savings Bank

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At that time, Savings Banks were non-profit institutions which promoted saving and provided basic financial services to the working classes, until then excluded from the banking system.

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Caja de Ahorros Vizcaina is established.

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The initial aim of the Caja de Ahorro Vizcaína was to respond to the establishment of old-age insurance in 1920. In addition, the Savings Bank also served as a financing element for the Provincial Council, which, as a promoter and founder, used its capital to expand its own charity policy.

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BBK is formed from the merger of both savings banks.

One of the most recognized facets of BBK from the beginning was its Social Work. From the economic point of view, it has been characterized by prudent and serious business management. It financially boosted rural areas or disadvantaged social groups and promoted the creation of infrastructures essential for the development of the territory.

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BBK joins Caja Vital and Kutxa and Kutxabank is born.

BBK transferred all its banking activities and industrial holdings to the new Kutxabank entity, obtaining in return the corresponding percentage share in the new entity, 57%.

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The BBK General Assembly approves the transformation into a banking foundation.

In 2014, faced with the possibility of divestment (going public or through asset sale) or retaining control of Kutxabank, BBK made a strategic decision: to retain control of Kutxabank which, as required by law, meant the creation of a reserve fund to ensure its independence, local roots and long-term sustainability. This decision also provided the bank with the necessary stability to continue to grow and improve its ratios.

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BBK celebrates 10 years as a Banking Foundation

Since its transformation into a banking foundation, BBK today is an economic-financial-social agent that contributes to the promotion of the economy, economic growth and employment in Bizkaia through its investments.

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