# Kutxabank

Kutxabank is a Bank / Wealth / Trust based in Bilbao, Spain.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Bilbao, Spain
- **Region:** Europe
- **Address:** Bilbao, Spain
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** kutxabank.com
- **LinkedIn:** https://es.linkedin.com/company/kutxabank

## Regulatory record

- **Reports private funds:** No

## About

Kutxabank is a Spanish savings bank established in 2012. It offers banking products and services to its clients, with a focus on the biotech and life science sectors.

## People

- Antón Arriola — Chairman

## Questions

### Who controls Kutxabank's investment strategy?

Kutxabank's strategic direction is set by a board controlled by three Basque savings bank foundations — BBK, Kutxa Fundazioa, and Vital Fundazioa. Chairman Antón Arriola, appointed in 2015, leads the listed entity, while the asset management arm, Kutxabank Gestión, executes investment mandates under CIO-level professionals. The foundation-dominated governance ensures long-term regional alignment over purely commercial objectives.

### How is Kutxabank's asset management arm structured relative to the parent bank?

Kutxabank Gestión operates as a wholly owned subsidiary managing mutual funds, pension plans, and segregated mandates. It draws distribution from the parent's retail branch network across the Basque Country and Spain. The manager does not market to third-party institutional clients outside the group's existing banking relationships, functioning primarily as an internal asset gatherer rather than an external alternatives shop.

### What is the relationship between Kutxabank and the three founding foundations?

BBK, Kutxa Fundazioa, and Vital Fundazioa are the historical savings banks that merged in 2012 to form Kutxabank. They now hold majority voting rights in the listed parent through a syndicated agreement, receiving dividends that fund their respective social welfare, cultural, and educational programs in the Basque Country. This structure prevents a hostile takeover and locks in the bank's regional mandate.

### Where does Kutxabank allocate pension assets?

Kutxabank Pensiones EPSV manages the group's Basque voluntary pension plans, with allocations primarily in Spanish government bonds, European investment-grade credit, and Iberian large-cap equities. Public record does not show significant allocations to hedge funds, private equity, or real estate outside Spain. The conservative posture reflects the stringent regulatory environment of the Basque EPSV framework.

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- [Kutscher, Benner Barsness & Stevens Financial Counsel (KBBS)](https://altss.com/profile/kutscher-benner-barsness-stevens-financial-counsel-kbbs)
- [Kutz And Company](https://altss.com/profile/kutz-and-company)

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Last updated: 2026-06-03T20:00:00.000Z

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