Overview

• Adolfo Plaza, who became president in January 2024, has steered Laboral Kutxa toward diversification with plans to grow through insurance, investment funds, and pension products.
• The cooperative bank has allocated €275 million, or 20% of its 2024 profits, to support member cooperatives, reinforcing its cooperative banking model.
• Mortgage and corporate lending have increased by 40%, showcasing strong performance despite economic uncertainty.
• Small and medium-sized enterprises (SMEs) have doubled their investments, with no signs of an economic slowdown detected.
• Laboral Kutxa manages nearly €30 billion in business, maintaining its position as the second-largest financial institution in Euskadi by market share.