With over 150 years of experience, Grupo Santander, based in Madrid, Spain, is among the largest financial institutions in the world by market capitalization. Originally from the city of Santander, in the province of Cantabria, operates in many countries and has great geographic diversification. In June 2011, Santander Brazil recorded total assets of R $ 407 billion, U.S. $ 288 billion total funding, U.S. $ 175 billion in funding clients and R $ 113 billion in investment funds around 24 million customers and more than 9.3 million bank accounts with deposits.