"la Caixa" (formally Caixa d'Estalvis i Pensions de Barcelona, Spanish: Caja de Ahorros y Pensiones de Barcelona) is the leading European savings bank and the third largest Spanish financial group by business and results. At the forefront of retail banking in Spain, and with the largest network of branches and cash dispensers, the Institution is developing an international expansion plan aimed at new markets. The Group undertakes the banking activity indirectly through CaixaBank. CaixaBank brings together all the banking business of "la Caixa", the participations in international banks, the insurance business and the participations in Telefnica and Repsol.