La Caixa, also known as the "La Caixa" Foundation, is a not-for-profit banking foundation based in Catalonia. Originally a savings bank (caja), it reorganized in the 2000s and 2010s: Its commercial assets are managed under its subsidiary CriteriaCaixa, which also has partial ownership of La Caixa's old banking business CaixaBank; those are used to fund La Caixa's Obra Social — social, cultural, scientific, and civic projects for the public good.
La Caixa towers, Barcelona
Structure of La Caixa Group after its restructuring in 2010[citation needed]
CaixaForum Palma, former Gran Hotel, now La Caixa Foundation headquarters, in Palma de Mallorca
In Spain, a savings bank is a financial institution that specializes in accepting savings deposits and granting loans. Spanish banks fall into two categories: Privately owned banks (bancos) and government owned banks. The original aim was to encourage thrift among the very poor, but they evolved to compete with and rival commercial banks.
Caja General de Ahorros de Canarias in Barcelona.
Towers of La Caixa in Barcelona.
The headquarters of Confederación Española de Cajas de Ahorros (Spanish Confederation of Savings Banks) in Madrid.