Caja Madrid (formally the Caja de Ahorros y Monte de Piedad de Madrid) is the fourth largest financial group in Spanish, with a leading position in the credit markets and resources of clients. Caja Madrid is the oldest of the Spanish savings banks. On 27 June 2011, Caja Madrid merged with six other savings banks to form Bankia. Caja Madrid held a 52.6 percent controlling interest in the new company. The Group offers a complete range of products and services from retail banking, business banking and private banking, which serves the needs of 12 million customers in all segments: families, small and medium enterprises, large corporations and institutions public and private.