The foundation commonly dates itself to the 1990 creation of the '''''' (, ) as a merger of the founded in 1844 and commonly known as , founded in 1844, with the , founded in 1904
Ancestry Caja de Barcelona At the time of the 1990 merger, the Caja de Barcelona was the third largest savings bank in Spain. In addition, La Caixa acquired 14.91% of Bank of East Asia's capital. It has a portfolio of industrial holdings in companies in the infrastructure, energy and communications sectors, among others. which adopted the name of
CaixaBank, and was formerly known as Criteria CaixaCorp. La Caixa ceased to conduct retail banking business, and its only activity was limited to the maintenance of the La Caixa Social Work Project. Although the savings bank no longer operates financially,
CaixaBank decided, in its offices and in the commercial relationship with its customers, to use the commercial pseudonym of La Caixa, leaving the brand "CaixaBank" solely for institutional use. At the same time, in July 2011, another subsidiary of the group was created, in this case 100% owned by La Caixa, called
Criteria CaixaHolding, which would not list on the stock exchange and would bring together the less attractive stocks such as real estate services (Servihabitat), industrial holdings (
Gas Natural Fenosa and
Abertis) and
PortAventura World.
CaixaBank, which is publicly traded, remained at the helm of the banking business, the insurer (SegurCaixa) and the more financially attractive shares in foreign banks and in
Telefónica and
Repsol. In September 2011,
CaixaBank acquired Bankpyme's banking and fund management business. In March 2012, the group announced an agreement whereby it acquired for 979 million euros and subsequently integrated within
CaixaBank the SIP (
Institutional Protection Scheme) formed by Cajasol (including Caja de Guadalajara), Caja Navarra, CajaCanarias and Caja de Burgos, commercially known until then as
Banca Cívica (Civic Bank). The Civic Bank brand was discarded and the SIP was liquidated, transferring its clients, offices and assets to
CaixaBank. However, due to its cultural roots, the entity decided to maintain the savings banks' logos that gave rise to the integration in its offices and communications in the offices, combining them with that of the Catalan bank, but only in the territories of influence of each entity. On 12 June 2013 the General Shareholders' Meeting of
Banco de Valencia approved its integration into
CaixaBank. It was agreed to maintain the Banco de Valencia brand in the offices held by the bank in the provinces of Valencia and Castellón with a dual label to indicate that they also belong to CaixaBank. On 19 July 2013 the merger deed of Banco de Valencia and
CaixaBank was registered in the commercial register, and the integration of
Banco de Valencia into
CaixaBank became fully effective. After the absorption of
Banco de Valencia by
CaixaBank, both the offices of La Caixa and those of Banco de Valencia in the
Region of Murcia regained the name Banco de Murcia, next to the star denoting La Caixa.
Transformation into a banking foundation , now La Caixa Foundation headquarters, in
Palma de Mallorca On 10 April 2014 it was announced that its transformation into a banking foundation would be decided at the ordinary general meeting on May 22 to comply with the Savings Banks and Banking Foundations Law, which requires savings banks with indirect banking activity to be liquidated and transformed into foundations, responsible for managing social work projects. This would lead to a process of reorganization within the group, which would involve, on the one hand, the dissolution and liquidation of the La Caixa Foundation and, on the other hand, the transfer to
Criteria CaixaHolding (100% of La Caixa) of the participation in
CaixaBank. The foundation was established on 17 June 2014. As a result, on the one hand, the dissolution and liquidation of the La Caixa Foundation would occur, with the overall transfer of its assets and liabilities in favour of the La Caixa Banking Foundation, and, on the other hand, the transfer in favour of
Criteria CaixaHolding of the participation of the Caixa at CaixaBank, so that the banking foundation would go on to hold its stake in
CaixaBank through
Criteria CaixaHolding, and the debt instruments of which La Caixa was the issuer. In this way, the group led by the new La Caixa Banking Foundation would have as main activities: the management of the entire Social Work, those of a financial nature related to the management of its participation in CaixaBank, the administration of the debt instruments that have La Caixa as an issuer, and the management of investments in industries other than finance grouped so far in
Criteria CaixaHolding. The liquidation of the La Caixa Foundation took place on 16 October 2014 while the transfer of the stake in CaixaBank took place on 14 October 2014. On 26 June 2014, the president of
CaixaBank and until then president of the savings bank, Isidro Fainé, was elected president of the Board of Trustees of the La Caixa Banking Foundation. == Participation==