Laboral Kutxa

LABORAL Kutxa is a credit cooperative with more than 60 years of experience that conducts its financial activity through the provision of products and services to more than 1,100,000 families and companies. Its network of offices includes more than 300 points of sale located in the main towns of the northern half of Spain. LABORAL Kutxas business model relies on the concepts of wage solidarity and management by workers, since they are, in turn, the owners of the organisation. The figures for the end of 2019 show a healthy balance sheet, with 25,058 million in assets, 23,590 million in managed funds and 13,826 million in loans and credits, where the high levels of solvency are noteworthy, with a Core Capital (Tier1) of 20.17%, and a consolidated net profit after tax of 137.7 million euros.