Caja Madrid, formally known as Caja de Ahorros y Monte de Piedad de Madrid, was one of Spain's oldest and largest savings banks, founded in 1702. For centuries, it played a crucial role in the financial lives of individuals and businesses, particularly in the Madrid region. In 2010, Caja Madrid merged with six other Spanish savings banks (Bancaja, Caja Insular de Canarias, Caja de Ávila, Caixa Laietana, Caja Segovia, and Caja Rioja) through an Institutional Protection System (SIP) to form Banco Financiero y de Ahorros (BFA), which operated under the commercial brand Bankia. This merger occurred amidst the Spanish financial crisis. Bankia was subsequently nationalized in 2012 and later acquired by CaixaBank in March 2021, effectively marking the end of Caja Madrid's distinct institutional legacy, with its operations and assets fully integrated into CaixaBank.
Served as the primary administrative center, housing key departments for strategy, operations, finance, and management of the savings bank's extensive network.
The Puerta de Europa towers (Kio Towers), designed by Philip Johnson and John Burgee, are iconic for their distinct leaning architecture, symbolizing Madrid's modern financial district. Caja Madrid occupied one of these towers.
Historically, as a savings bank, the culture aimed to embody stability, community focus, and customer service. However, its later years were marked by significant internal and external pressures, controversies, and changes leading up to the financial crisis and its merger.
The headquarters, particularly its presence in the Kio Towers, represented Caja Madrid's status as a major financial institution in Spain and a prominent feature of Madrid's skyline. Its historical Plaza de Celenque office signified its deep roots in the city.
Caja Madrid's primary focus was on the Spanish domestic market. Its international presence was limited, mainly consisting of representative offices in key financial centers (e.g., London, Lisbon, Miami, Zurich) to support Spanish companies operating abroad, manage international treasury operations, and engage in correspondent banking. It did not have a significant international retail banking network.
Paseo de la Castellana, 216 (Puerta de Europa Tower I / Kio Tower)
Madrid
Community of Madrid
Spain
Address: Multiple branch locations and regional offices across Spain. Specific addresses for secondary administrative hubs are not centrally documented post-mergers.
To provide widespread access to banking and financial services across different regions of Spain, catering to local economic needs, individuals, and businesses, and fulfilling its social mandate as a savings bank.
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As of April 2025, Caja Madrid' leadership includes:
Caja Madrid has been backed by several prominent investors over the years, including:
Caja Madrid ceased to exist as an independent entity following its merger into Bankia in 2010-2011. Therefore, there have been no executive hires or exits in the last 12 months. The following are significant historical executive changes from its final years:
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As Caja Madrid is no longer an active entity, its email domain (@cajamadrid.es) is defunct. Historically, common email formats at Spanish corporations, including financial institutions, often used combinations of first name, last name, and initials.
Likely formats included [first_initial][last_name]@cajamadrid.es (e.g., jperez@cajamadrid.es) or [first_name].[last_name]@cajamadrid.es (e.g., juan.perez@cajamadrid.es).
Format
example.contact@cajamadrid.es (Illustrative, domain is no longer active)
Example
0 (domain is defunct)%
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El País / Financial Press • June 7, 2010 (Agreement) / December 3, 2010 (BFA Constituted)
Caja Madrid, along with six other Spanish savings banks (Bancaja, La Caja de Canarias, Caja de Ávila, Caixa Laietana, Caja Segovia, and Caja Rioja), agreed to merge, forming Banco Financiero y de Ahorros (BFA), which would operate commercially as Bankia. This move aimed to consolidate and strengthen the entities amidst the Spanish financial crisis....more
Reuters / Spanish National Court Filings • October 2014 (Public Revelation)
A major scandal emerged involving the misuse of undeclared company credit cards ('tarjetas black') by dozens of former Caja Madrid (and later Bankia) executives and board members for personal expenses totaling millions of euros. This led to public outrage and legal proceedings....more
CaixaBank / Financial Times • March 26, 2021
CaixaBank finalized its acquisition of Bankia, creating Spain's largest domestic bank. This transaction marked the full integration of Bankia's assets, which included the legacy operations of Caja Madrid, into CaixaBank, closing a significant chapter in Spanish banking history....more
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