Banco Espanol de Credito SA (Banesto) is a Spain-based integrated financial group, which is structured in three business areas: Retail Banking, Banking for Companies and Wholesale Banking. Its range of products and services include saving accounts, fixed-term deposits, financial assessment, debit and credit cards, insurances, retirement plans, commercial and consumer loans, mortgages and securities brokerage, among others. The Bank is a parent of Grupo Banesto, a group that comprises a number of entities active in the financial, insurance, real estate, industrial and commercial sectors. As of December 31, 2011, the Bank�s majority shareholder was Banco Santander SA with 89.03% of its interest. On May 3, 2013, the Bank merged with Banco Santander SA.