Social Bond: KutxaBank

24 Jul Social Bond: KutxaBank

PROFILE

Kutxabank is a Spanish bank founded in 2012 and based in the Basque region. The bank’s strategy focuses on creating very close relations with its customers and understanding their needs. The company issued a social bond in support of low-income individuals and families to provide them with access to adequate accommodation. The bank acquired 785 state-sponsored housing units, benefitting 1,056 individuals. Kutxabank participates in the Basque government’s Viviendas de Protección Oficial program which provides subsidized housing to poor individuals in the Basque region.

785 state-sponsored housing units acquired in 2016

1,056 individuals supported in 2016