Caixa d’Estalvis i Pensions de Barcelona (la Caixa) was formed in 1990, as a result of a merger between Pension Fund on Aging and Savings in Catalonia and the Balearic Islands. The group is dedicated to family savings and offering all its clients insurance for old age. It has an extensive network with 5,000 offices, over 27,000 employees, and more than 10.5 million customers. la Caixa is currently the leading savings bank in Spain and the third largest financial entity in the country.