This article needs to be updated.(June 2013) |
Company type | Bank |
---|---|
Industry | Financial services and Insurance |
Founded | 3 December 1702 |
Founder | Francisco Piquer Rodilla |
Defunct | 3 December 2010 |
Fate | Merged to form Bankia in 2010 |
Headquarters | Torre Caja Madrid, , |
Key people | Rodrigo Rato (President) |
Products | Consumer 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.