World Library  
Flag as Inappropriate
Email this Article

Caja Laboral

Article Id: WHEBN0021406111
Reproduction Date:

Title: Caja Laboral  
Author: World Heritage Encyclopedia
Language: English
Subject: Mondragon Corporation, Landesbank Baden-Württemberg, Euro Banking Association, Crédit du Nord, Oldenburgische Landesbank
Publisher: World Heritage Encyclopedia

Caja Laboral

Caja Laboral
Type Credit union
Industry Financial services
Headquarters Mondragón, Spain
Key people Txomin García (president)
Parent Mondragon Corporation
Website .escajalaboral

Caja Laboral Popular Cooperativa de Crédito or Caja Laboral is a Spanish credit union established in 1959 as part of the Mondragon Corporation and headquartered in Mondragón, in the Basque Country of Spain.[1] The major financial provider behind the Basque cooperative movement, Caja Laboral covers the financial segment of Mondragon and provides banking and financial services to its customers through a network of over 370 branch offices in the Basque Country and beyond. With over 1800 employees - who are actually the partners-owners of the bank following the cooperative philosophy of shared ownership and stewardship - Caja Laboral generates annual revenue in excess of €330 million.

Together with its sister social assurance company Lagun Aro, Caja Laboral spearheads the Financial Group of the Mondragon Corporation, which according to company sources 'operates autonomously within the framework of a sole joint strategy'. It was the first Spanish financial institution to open its branches in the late afternoons/early evenings.

Caja Laboral was mostly unaffected by the 2008 financial crisis, though they did have €162 million in bonds from Lehman Brothers.[2] Effective with the 2009–10 basketball season, Caja Laboral became the new sponsors of Liga ACB and Euroleague club Saski Baskonia.


  1. ^ Businessweek profile of Caja Laboral. Business Week.
  2. ^ Caja Laboral has 162 mln euros of Lehman bonds. Reuters. 22 Sept. 2008.

External links

  • Caja Laboral website
  • Mondragon Cooperative Corporation website

Further reading

  • Freunlich, Fred. An introduction to MCC and the evolving role of Caja Laboral.
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.