CaixaBank

The Fundación Bancaria Caixa d'Estalvis i Pensions de Barcelona, "la Caixa", is the result of the transformation of Caixa d'Estalvis i Pensions de Barcelona, "la Caixa" into "la Caixa" Banking Foundation, in compliance with the Savings Banks and Banking Foundations Law, of 27 December 2013. "la Caixa" was created in 1990 from the merger between Caja de Pensiones para la Vejez y de Ahorros de Cataluña y Baleares, founded in 1904, and Caja de Ahorros y Monte de Piedad de Barcelona, founded in 1844. From the start, the main activity of "la Caixa" was its dedication to family savings, and offering all its clients a pension insurance when this kind of benefit was not yet available in Spain. The "la Caixa" Banking Foundation will directly manage Obra Social, which has always defined "la Caixa", and will also group all the shareholding from "la Caixa" in Criteria CaixaHolding: the main participation in CaixaBank and also participations in other financial, industrial and service companies. For the 7th year in a row, the "la Caixa" Banking Foundation is setting the Obra Social funds at €500M in 2014, which makes it the first private foundation in Spain and one of the most important in the world.