History
Today's La Caixa is the result of the July 27, 1990 merger between the Caja de Pensiones para la Vejez y de Ahorros de Cataluña y Baleares, founded in 1904, and the Caja de Ahorros y Monte de Piedad de Barcelona, founded in 1844. From the beginning, La Caixa focused on savings for families and offering its customers security in their old age, when this type of social provision did not yet exist in Spain. Owing to its origins, it is a financial institution, albeit not for profit and charitable and social in nature, with a private board of trustees, independent of any other company or institution.
The La Caixa Group manages a total bank turnover of over 411,522 million Euros (September 2008), with total customer resources in excess of 238,404 million Euros.
Similarly, the Group has a portfolio of industrial interests in companies mainly in the infrastructure, energy and communications sectors. In November 2006, the La Caixa Board of Directors approved the company portfolio of holdings' listing on the stock market, through the Criteria CaixaCorp company, which came into effect on October 10, 2007.
January 29, 2008 saw the inclusion of Criteria CaixaCorp in the IBEX 35.
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“Let it suffice that in the light of these two facts, namely, that the mind is One, and that nature is its correlative, history is to be read and written.”
—Ralph Waldo Emerson (1803–1882)
“Let us not underrate the value of a fact; it will one day flower in a truth. It is astonishing how few facts of importance are added in a century to the natural history of any animal. The natural history of man himself is still being gradually written.”
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“The only thing worse than a liar is a liar that’s also a hypocrite!
There are only two great currents in the history of mankind: the baseness which makes conservatives and the envy which makes revolutionaries.”
—Edmond De Goncourt (1822–1896)