Caja Madrid: Difference between revisions

Caja Madrid
Company type	Bank
Industry	Financial services and Insurance
Founded	3 December 1702; 322 years ago
Founder	Francisco Piquer Rodilla
Defunct	3 December 2010
Fate	Merged to form Bankia in 2010
Headquarters	Torre Caja Madrid, Madrid, Spain
Key people	Rodrigo Rato (President)
Products	Consumer Banking; Corporate Banking
Net income	€ 622.3 million (2009)
Number of employees	15,279 (2009)

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Caja Madrid, formally the Caja de Ahorros y Monte de Piedad de Madrid, headquartered in Madrid,^[1] was the oldest of the Spanish savings banks. It was founded on 3 December 1702, by Francisco Piquer Rodilla, an Aragonese priest. Caja Madrid was the regional-owned bank of the Community of Madrid (Comunidad de Madrid).

On 30 July 2010, Caja Madrid signed an agreement to merge with six other savings banks to form Bankia on 3 December 2010.^[2] Caja Madrid held a 52.6 percent controlling interest in the new company.

History

The Monte de Piedad de Madrid did not charge interest on its loans until 1836 when a charge was introduced to cover operating costs of the organisation. In 1838, by royal decree, the Caja de Ahorros de Madrid was founded as a savings bank on the British model following the ideas of Jeremy Bentham. Initially the Caja de Ahorros and the Monte de Piedad worked closely together but remained separate institutions.

In 1869 the two institutions were merged and became the Monte de Piedad y Caja de Ahorros de Madrid. Later, to show the importance of the savings side of the operation, the title of the merged institution was reversed and it became the Caja de Ahorros y Monte de Piedad de Madrid.

Former business

Caja Madrid was the fourth largest financial group in Spain, with a turn-over of 180,700 million euros in 2005. It had 12,800 employees in a national network of 1,900 offices, and four foreign branches in Miami, Lisbon, Dublin and Vienna. It also had 330 bank branches within the offices of the insurance company, Mapfre.

Apart from its traditional banking business, Caja Madrid participated in a collection of companies, either directly or via the holding company, Corporacion Financiera Caja Madrid..

Social responsibilities

Caja Madrid carried out social work through two entities that it set up: Obra Social Caja Madrid and Fundación Caja Madrid. These carried out work on its behalf in the fields of social work, teaching, cultural matters and the environment. For example, Fundación Caja Madrid set up La Casa Encendida in Madrid in 2002. In 2005 the amount spent by the two bodies on behalf of Caja Madrid reached 161 million euros. Some of the bank's users criticised it, along with the other Spanish savings banks for having lost its charitable character in the course of developing its business as a bank.

New headquarters

In 2009 Caja Madrid acquired a new headquarters in a newly completed sky-scraper office block known as Torre Caja Madrid (Caja Madrid Tower). The tower had been intended for the Spanish company Repsol, and the principal architect was Norman Foster. The tower is now leased by CEPSA and it is now known as Torre CEPSA. It is situated in the district of Fuencarral-El Pardo in Madrid. The tower has 45 floors and is 250 metres high.

References

^ "Inicio Archived 25 June 2011 at the Wayback Machine." Caja Madrid retrieved on 7 January 2011. "Plaza de Celenque, 2. 28013 Madrid"
^ "Creation of the Bankia Group". Bankia. Archived from the original on 12 January 2020. Retrieved 9 March 2016.

External links

Caja Madrid site (in Spanish)

[1] "Inicio Archived 25 June 2011 at the Wayback Machine." Caja Madrid retrieved on 7 January 2011. "Plaza de Celenque, 2. 28013 Madrid"

[Bankia_origin-2] "Creation of the Bankia Group". Bankia. Archived from the original on 12 January 2020. Retrieved 9 March 2016.

[1]

[2]

@@ Line 1: / Line 1: @@
+{{Short description|Spanish savings bank}}
-{{Use mdy dates|date=June 2013}}
+{{Use dmy dates|date=May 2023}}
 {{Update|date=June 2013}}
 {{Infobox company
-|name   = Caja Madrid
+| name = Caja Madrid
-|logo   = [[Image:Logo cajamadrid.svg|120px]]
+| logo = Logo cajamadrid.svg
+| logo_size = 120px
-|type   = [[Bank]]
+| type = [[Bank]]
-|company_slogan =
+| company_slogan =
-|foundation     = December 3, 1702
+| foundation = {{Start date and age|df=yes|1702|12|03}}
-|location       = [[Madrid]], Spain
+| founder = [[Francisco Piquer Rodilla]]
-|key_people     = [[Rodrigo Rato]] <small>(President)</small>
+| defunct = {{End date|2010|12|03|df=y}}
-|area_served    =
+| fate = Merged to form [[Bankia]] in 2010
-|num_employees  = 15,279 (2009)
+| location = [[Torre Caja Madrid]]
-|market cap     =
+| hq_location_city = [[Madrid]]
-|revenue        =
+| hq_location_country = [[Spain]]
-|operating_income =
+| key_people = [[Rodrigo Rato]] <small>(President)</small>
-|net_income     = [[Euro|€]] 622.3 billion (2009)
+| area_served =
-|assets         =
+| num_employees = 15,279 (2009)
-|equity         =
+| market cap =
-|industry       = [[Financial services]] and [[Insurance]]
+| revenue =
-|products       = [[Retail banking|Consumer Banking]]<br />[[Commercial bank|Corporate Banking]]
+| operating_income =
-|homepage       = http://www.obracaja.es/
+| net_income = [[Euro|€]] 622.3 million (2009)
+| assets =
+| equity =
+| industry = [[Financial services]] and [[Insurance]]
+| products = [[Retail banking|Consumer Banking]]<br />[[Commercial bank|Corporate Banking]]
+| homepage =
 }}
-'''Caja Madrid''', formally the '''Caja de Ahorros y Monte de Piedad de Madrid''', headquartered in [[Madrid]],<ref>"[http://www.cajamadrid.es/CajaMadrid/Home/cruce/0,0,0,00.html Inicio]." Caja Madrid. Retrieved on January 7, 2011. "Plaza de Celenque, 2. 28013 Madrid"</ref> is the oldest of the [[Savings bank (Spain)|Spanish savings banks]]. It was founded on 3 December 1702, as ''Monte de Piedad de Madrid'' by [[Francisco Piquer]], an [[Aragon]]ese priest. Caja Madrid is the regional-owned bank of the [[Community of Madrid]] ('''Comunidad de Madrid''').
+'''Caja Madrid''', formally the '''Caja de Ahorros y Monte de Piedad de Madrid''', headquartered in [[Madrid]],<ref>"[http://www.cajamadrid.es/CajaMadrid/Home/cruce/0,0,0,00.html Inicio] {{Webarchive|url=https://web.archive.org/web/20110625184439/http://www.cajamadrid.es/CajaMadrid/Home/cruce/0,0,0,00.html# |date=25 June 2011 }}." Caja Madrid retrieved on 7 January 2011. "Plaza de Celenque, 2. 28013 Madrid"</ref> was the oldest of the [[Savings bank (Spain)|Spanish savings banks]]. It was founded on 3 December 1702, by [[Francisco Piquer Rodilla]], an [[Aragon]]ese priest. Caja Madrid was the regional-owned bank of the [[Community of Madrid]] ('''Comunidad de Madrid''').
-On 30 July 2010, Caja Madrid signed an agreement to merge with six other savings banks to form [[Bankia]] on 3 December 2010.<ref name="Bankia origin">{{cite web|title=Creation of the Bankia Group|url=http://www.bankia.com/en/who-we-are/about-us/origin/|website=Bankia|publisher=Bankia|accessdate=9 March 2016}}</ref>  Caja Madrid held a 52.6 percent controlling interest in the new company.
+On 30 July 2010, Caja Madrid signed an agreement to merge with six other savings banks to form [[Bankia]] on 3 December 2010.<ref name="Bankia origin">{{cite web|title=Creation of the Bankia Group|url=http://www.bankia.com/en/who-we-are/about-us/origin/|website=Bankia|accessdate=9 March 2016|archive-date=12 January 2020|archive-url=https://web.archive.org/web/20200112210717/https://www.bankia.com/en/who-we-are/about-us/origin/|url-status=dead}}</ref> Caja Madrid held a 52.6 percent controlling interest in the new company.
 == History ==
-=== Monte de Piedad de Madrid===
-[[File:Monte de Piedad de Madrid 01.jpg|thumb|185px|right|Door of the chapel of the former Monte de Piedad de Madrid, built by [[Pedro de Ribera]].]]
-The Monte de Piedad de Madrid was the first Spanish [[Monte di Pietà]], following a pattern that had been started in fifteenth-century Italy. These institutions were organised and operated as a charity by Christians, and offered financial loans at a moderate interest rate to those in need. The money lent out was from a fund built up by voluntary donations from financially privileged people who had no intentions of regaining their money.
-The people in need would then be able to come to the Monte di Pietà and give an item of value in exchange for a monetary loan. The term of the loan would last the course of a year and would only be worth about two-thirds of the borrower’s item value. A pre-determined interest rate would be applied to the loan and these profits were used to pay the expenses of operating the Monte di Pietà. Such organizations spread throughout the continent of Western Europe during the [[Middle Ages]], a credit to the preaching of [[Franciscans]] and their condemnation of [[usury]].
-The Montes de Piedad appeared in Spain when Francisco de Piquer y Rodilla founded the Monte de Piedad de Madrid in 1702 by depositing a silver [[Spanish real]] in a box as the beginning of a fund to which he gave the name, '' Nuestra Señora del Santo Monte de Piedad de las Ánimas ''. It was intended that the fund would be augmented by the donations of the faithful who wished to ease the suffering of the souls of their relatives who were in [[purgatory]] by providing donations that could be used as loans to ease the suffering of the needy in this life.
-=== Caja de Ahorros ===
 The Monte de Piedad de Madrid did not charge interest on its loans until 1836 when a charge was introduced to cover operating costs of the organisation. In 1838, by royal decree, the Caja de Ahorros de Madrid was founded as a savings bank on the British model following the ideas of [[Jeremy Bentham]]. Initially the Caja de Ahorros and the Monte de Piedad worked closely together but remained separate institutions.
 In 1869 the two institutions were merged and became the Monte de Piedad y Caja de Ahorros de Madrid. Later, to show the importance of the savings side of the operation, the title of the merged institution was reversed and it became the Caja de Ahorros y Monte de Piedad de Madrid.
-== Current business ==
+== Former business ==
-[[File:Torre Caja Madrid (CTBA) 08a.jpg|thumb|185px|[[Torre Caja Madrid]], the headquarters of Caja Madrid, situated in [[Fuencarral-El Pardo]], Madrid.]]
+[[File:Torre Caja Madrid (CTBA) 08a.jpg|thumb|185px|[[Torre Caja Madrid]], was headquarters of Caja Madrid, situated in [[Fuencarral-El Pardo]], Madrid.]]
-Caja Madrid is the fourth largest financial group in Spain, with a turn-over of 180,700 million euros in 2005. It has 12,800 employees in a national network of 1,900 offices, and four foreign branches in [[Miami]], [[Lisbon]], [[Dublin]] and [[Vienna]]. It also has 330 bank branches within the offices of the insurance company, [[Mapfre]].
+Caja Madrid was the fourth largest financial group in Spain, with a turn-over of 180,700 million euros in 2005. It had 12,800 employees in a national network of 1,900 offices, and four foreign branches in [[Miami]], [[Lisbon]], [[Dublin]] and [[Vienna]]. It also had 330 bank branches within the offices of the insurance company, [[Mapfre]].
-Apart from its traditional banking business, Caja Madrid participates in a collection of companies, either directly or via the [[holding company]], Corporacion Financiera Caja Madrid..
+Apart from its traditional banking business, Caja Madrid participated in a collection of companies, either directly or via the [[holding company]], Corporacion Financiera Caja Madrid..
 == Social responsibilities ==
-Caja Madrid carries out social work through two entities that it has set up: Obra Social Caja Madrid and Fundación Caja Madrid. These carry out work on its behalf in the fields of social work, teaching, cultural matters and the environment. For example, Fundación Caja Madrid set up [[La Casa Encendida (Madrid)|La Casa Encendida]] in Madrid in 2002.  In 2005 the amount spent by the two bodies on behalf of Caja Madrid reached 161 million euros. Some of the bank’s users have criticised it, along with the other Spanish savings banks for having lost its charitable character in the course of developing its business as a bank.
+Caja Madrid carried out social work through two entities that it set up: Obra Social Caja Madrid and Fundación Caja Madrid. These carried out work on its behalf in the fields of social work, teaching, cultural matters and the environment. For example, Fundación Caja Madrid set up [[La Casa Encendida (Madrid)|La Casa Encendida]] in Madrid in 2002.  In 2005 the amount spent by the two bodies on behalf of Caja Madrid reached 161 million euros. Some of the bank's users criticised it, along with the other Spanish savings banks for having lost its charitable character in the course of developing its business as a bank.
 == New headquarters ==
-In 2009 Caja Madrid acquired a new headquarters in a newly completed sky-scraper office block known as Torre Caja Madrid ([[Caja Madrid Tower]]). The tower had been intended for the Spanish company [[Repsol]], and the principal architect was [[Norman Foster, Baron Foster of Thames Bank|Norman Foster]]. It is situated in the district of [[Fuencarral-El Pardo]] in Madrid. The tower has 45 floors and is 250 metres high. The tower is now leased by [[Compañía Española de Petróleos|CEPSA]] and iused to be called Torre CEPSA.
+In 2009 Caja Madrid acquired a new headquarters in a newly completed sky-scraper office block known as Torre Caja Madrid ([[Caja Madrid Tower]]). The tower had been intended for the Spanish company [[Repsol]], and the principal architect was [[Norman Foster, Baron Foster of Thames Bank|Norman Foster]]. The tower is now leased by [[Cepsa|CEPSA]] and it is now known as Torre CEPSA. It is situated in the district of [[Fuencarral-El Pardo]] in Madrid. The tower has 45 floors and is 250 metres high.
 == See also ==
-{{Portal|Spain|Companies}}
+{{Portal|Spain|Companies|Banks}}
 *[[Bankia]]
@@ Line 63: / Line 61: @@
 == External links ==
-*[http://www.cajamadrid.es/CajaMadrid/Home/cruce/0,1079,3415,00.html#contenido Caja Madrid site] {{es icon}}
+*[https://web.archive.org/web/20110414062420/http://www.cajamadrid.es/CajaMadrid/Home/cruce/0,1079,3415,00.html#contenido Caja Madrid site] {{in lang|es}}
 {{Members of Euro Banking Association}}
 {{Demolished landmarks in Madrid}}
+{{Authority control}}
 [[Category:Banks established in 1702]]
 [[Category:Mounts of piety]]
-[[Category:Banks of Spain]]
+[[Category:Defunct banks of Spain]]
 [[Category:1702 establishments in Spain]]
 [[Category:Buildings and structures completed in 1702]]
 [[Category:Banks disestablished in 2010]]
 [[Category:2010 disestablishments in Spain]]
+[[Category:Companies established in 1702]]
+[[Category:Banks based in Madrid]]

v t e Members of the Euro Banking Association
Austria	Bank für Tirol und Vorarlberg BKS Bank Erste Group Bank Oberbank Oesterreichische Nationalbank Raiffeisen Bank International Raiffeisenlandesbank Oberösterreich UniCredit Bank Austria
Belgium	Belfius BNP Paribas Fortis bpost bank KBC Bank
Cyprus	Bank of Cyprus Hellenic Bank
Denmark	Danske Bank Spar Nord Bank Sparekassen Sjælland Sydbank
Finland	Aktia Bank Bank of Åland DnB Bank Nordea Bank Pohjola Bank S-Bank
France	BNP Paribas BPCE BRED Banque Populaire Crédit Agricole Crédit Mutuel Arkéa My Money Bank La Banque postale Société Générale
Germany	Bank of America Europe (USA) Bank of China (CHN) Berenberg Bank Commerzbank Deutsche Bank Deutsche Bundesbank DZ Bank Landesbank Baden-Württemberg Landesbank Hessen-Thüringen Swiss Euro Clearing Bank Standard Chartered UBS Europe Unicredit
Greece	Alpha Bank Eurobank Ergasias National Bank of Greece
Hungary	OTP Bank
Ireland	Allied Irish Banks Bank of Ireland Elavon
Italy	Banca del Fucino Banca Monte dei Paschi di Siena Banca Popolare del Lazio Banca Popolare di Sondrio Banca Sella Banco BPM BFF Bank BPER Banca Cassa di Risparmio di Fermo Credito Emiliano ICCREA Banca Intesa Sanpaolo Raiffeisen Landesbank Südtirol UniCredit
Luxembourg	Spuerkeess Banque Internationale à Luxembourg Gazprombank Luxembourg (RUS)
Netherlands	ABN AMRO De Nederlandsche Bank ING Bank Rabobank
Portugal	Banco BAI Europa (AGO) Banco BCP Banco Montepio Crédito Agrícola
Slovenia	Bank of Slovenia
Spain	Abanca BBVA Banco Cooperativo Español Banco Sabadell Banco Santander Bankinter CaixaBank Cecabank Ibercaja Banco Kutxabank Unicaja Banco
Sweden	Handelsbanken SEB Swedbank
United Kingdom	Barclays Citibank Europe (USA) HSBC Bank JPMorgan Chase Bank, London Branch (USA) Lloyds Bank MUFG Bank (JPN) NatWest Wells Fargo (USA)

v t e Demolished landmarks in Madrid
Founded before the Habsburgs	Royal Alcázar of Madrid Some of the Romanesque churches Atalaya de la Villa and Atalaya de la Corte Iglesia gótico-mudéjar de Humanejos
Built during the Habsburgs	Palacio del Buen Retiro Antigüa Real Armería de Felipe II Casa del Tesoro Torre de la Parada Convento de Santo Tomás Convento de San Felipe el Real Iglesia del Buen Suceso Palacio del Marqués de Alcañices Noviciado de la Compañía de Jesús Convento de los Agustinos Recoletos Convento del Carmen Calzado Convento de la Natividad y San José Fountain de la Abundancia Fountain of the Harpies
Built during the Early Bourbons	Palacio de La Moncloa Convento de San Norberto Real Fábrica del Buen Retiro Monte de Piedad de Madrid Fountain de La Mariblanca
Built from the 19th century	Quinta del Sordo Hotel Florida Palacio del Duque de Úceda Fiesta Alegre fronton Palacio de Xifré Palacio del Marqués de Portugalete Palacio del Marqués de Casa Riera Palacio de Indo Palacio del Duque de Arión Former monument to victims of the attack against Alfonso XIII La Pagoda
City Walls and Gate Walls	Muslim Walls Christian Walls Walls del Arrabal Walls of Philip II Walls of Philip IV Puerta de Atocha
Related	Project of Filippo Juvarra for the Royal Palace of Madrid
Other	List of missing landmarks in Spain

Authority control databases
International	ISNI VIAF
National	Germany United States Czech Republic 2 Spain Israel Catalonia
Other	IdRef