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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 spearheaded 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. [ citation needed] 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. References [ edit] External links [ edit] Caja Laboral website Mondragon Cooperative Corporation website Further reading [ edit] Freunlich, Fred. An introduction to MCC and the evolving role of Caja Laboral.