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{{Short description|Spanish savings bank}}
{{Use mdy dates|date=June 2013}}
{{Use dmy dates|date=May 2023}}


{{Update|date=June 2013}}
{{Update|date=June 2013}}


{{Infobox company
{{Infobox company
|name = Caja Madrid
| name = Caja Madrid
|logo = Logo cajamadrid.svg
| logo = Logo cajamadrid.svg
|logo_size = 120px
| 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}}
| founder = [[Francisco Piquer Rodilla]]
⚫
|fate = Merged to form [[Bankia]] in 2010
| defunct = {{End date|2010|12|03|df=y}}
⚫
|location = [[Madrid]], Spain
⚫
| fate = Merged to form [[Bankia]] in 2010
⚫
|key_people = [[Rodrigo Rato]] <small>(President)</small>
⚫
| location = [[Torre Caja Madrid]]
⚫
|area_served =
| hq_location_city = [[Madrid]]
⚫
|num_employees = 15,279 (2009)
| hq_location_country = [[Spain]]
⚫
|market cap =
⚫
| key_people = [[Rodrigo Rato]] <small>(President)</small>
⚫
|revenue =
⚫
| area_served =
⚫
|operating_income =
⚫
| num_employees = 15,279 (2009)
⚫
|net_income = [[Euro|€]] 622.3 million (2009)
⚫
| market cap =
⚫
|assets =
⚫
| revenue =
⚫
|equity =
⚫
| operating_income =
⚫
|industry = [[Financial services]] and [[Insurance]]
⚫
| net_income = [[Euro|€]] 622.3 million (2009)
⚫
|products = [[Retail banking|Consumer Banking]]<br />[[Commercial bank|Corporate Banking]]
⚫
| assets =
|homepage = http://www.obracaja.es/
⚫
| 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] {{Webarchive|url=https://web.archive.org/web/20110625184439/http://www.cajamadrid.es/CajaMadrid/Home/cruce/0,0,0,00.html# |date=June 25, 2011 }}." Caja Madrid retrieved on January 7, 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]], an [[Aragon]]ese priest. Caja Madrid was 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 ==
== History ==
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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.
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 ==
== 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 ==
== 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]]. The tower is now leased by [[Compañía Española de Petróleos|CEPSA]] and it used to be called Torre CEPSA. It is situated in the district of [[Fuencarral-El Pardo]] in Madrid. The tower has 45 floors and is 250 metres high.
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 ==
== See also ==
{{Portal|Spain|Companies}}
{{Portal|Spain|Companies|Banks}}
*[[Bankia]]
*[[Bankia]]


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== External links ==
== External links ==
*[https://web.archive.org/web/20110414062420/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}}
{{Members of Euro Banking Association}}
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[[Category:Banks established in 1702]]
[[Category:Banks established in 1702]]
[[Category:Mounts of piety]]
[[Category:Mounts of piety]]
[[Category:Banks of Spain]]
[[Category:Defunct banks of Spain]]
[[Category:1702 establishments in Spain]]
[[Category:1702 establishments in Spain]]
[[Category:Buildings and structures completed in 1702]]
[[Category:Buildings and structures completed in 1702]]
[[Category:Banks disestablished in 2010]]
[[Category:Banks disestablished in 2010]]
[[Category:2010 disestablishments in Spain]]
[[Category:2010 disestablishments in Spain]]
[[Category:Companies established in 1702]]
[[Category:Banks based in Madrid]]

Latest revision as of 03:06, 13 July 2024

Caja Madrid
Company typeBank
IndustryFinancial services and Insurance
Founded3 December 1702; 322 years ago (1702-12-03)
FounderFrancisco Piquer Rodilla
Defunct3 December 2010 (2010-12-03)
FateMerged to form Bankia in 2010
HeadquartersTorre Caja Madrid,
Madrid
,
Spain
Key people
Rodrigo Rato (President)
ProductsConsumer Banking
Corporate Banking
€ 622.3 million (2009)
Number of employees
15,279 (2009)

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

[edit]

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

[edit]
Torre Caja Madrid, was headquarters of Caja Madrid, situated in Fuencarral-El Pardo, Madrid.

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

[edit]

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

[edit]

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.

See also

[edit]

References

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