Caja de Ahorros y Monte de Piedad de Madrid operates as a savings bank in Spain. It primarily offers products and services in banking, insurance, and asset management and brokerage sectors. The company provides an array of products and services, including guarantees, credit lines, loans, leasing products, bill discounting, mutual funds, factoring, customized financing, financial advice, and foreign trade operations. Its deposit products include time deposits, saving deposits, demand deposits, and others. The company’s loan portfolio comprises home mortgage loans, business and consumer loans, and customer loans. In addition, the company holds a portfolio of investments in firms operating in various sectors, including utilities, technology, real estate, services, and infrastructure. As of December 31, 2004, the company operated 1920 branches in Spain. The company was founded in 1702 and is based in Madrid, Spain.