The president of the financial institution, Gregorio Villalabeitia, transmits to Urkullu the entity’s commitment to Euskadi, where it concentrates 60% of the turnover
Gregorio Villalabeitia and lehendakari Urkullu greet each other at the beginning of the meeting. IREKIA
The president of Kutxabank, Gregorio Villalabeitia, has held a meeting with the lehendakari Urkullu in which he has transmitted the entity’s commitment to Euskadi, where he concentrates 60% of the turnover.
After the criticisms that have been spilled from different sectors on the Basque bank, majority partner of Euskaltel until the irruption of Zegona, for not defending the Basque operator for the most part, Villalabeitia has exhibited before Urkullu the economic impact that the entity has on Basque economy In total, 825 million euros, 12.8% more than the previous year. An amount that represents 1.1% of the Basque Gross Domestic Product (GDP).
In addition, Basque public coffers received through taxes and taxes a total of 339 million, which is 11.9% more than the previous year. This figure represents 2.3% of the total collection in the CAV.
The impact report prepared by Ceprede, which Villalabeitia has presented to the lehendakari, also indicates that both Kutxabank and the three Banking Foundations – BBK, Vital and Kutxa – constitute the first contractors of Basque companies, 90% corresponding to the area services sector as computer science and information technologies. In total, 4,294 companies were placed at 231 million euros. In addition, 737 million euros were channeled to pay suppliers, workers, and public administrations, of which 270 correspond to salaries.
On the other hand, the induced and indirect effects derived from financial intermediation work and especially credit work represent 10.6% of Basque GDP, some 7,896 million euros.