Deusto was originally an elizate and also a municipality until 1925 when it was completely annexed by Bilbao in order to expand the free land available to the city. Deusto is known as the university district of the city as it is home to the University of Deusto and the Faculty of Economics and Business of the University of the Basque Country.
Deusto began as an elizate and municipality but was completely absorbed by Bilbao in 1925 to increase free land. As a result, it is now considered the university area of the city, housing the University of Deusto and the Faculty of Economics and Business from the Basque Country.