Banco Popular EspaÃ±ol SA provides banking and financial services. The company provides its services to individuals, small- and medium-sized enterprises and large corporations. It operates through the following segments: Commercial Banking; Asset Management & Insurance; Real Estate Area; and Institutional & Market Area. The Commercial Banking segment includes the activities conducted by the network for typical lending transactions, fund-raising, acceptance of off-balance sheet risks and the supply of financial services of all kinds, including factoring and renting. The Asset Management and Insurance segment comprises asset management activities and the administration of undertakings for collective investment and the activities conducted in life and general insurance by the Portuguese entities Popular de Seguros, S.A. and Eurovida, S.A, as well as the insurance operations carried out in Spain through Allianz Popular, S.L. The Real Estate segment comprises the activities of the company's real estate companies and the real estate activities of the company's banks. The Institutional and Market Area segment includes other activities performed, including asset and liability with credit institutions, the financial instruments of banking entities held for trading, available-for-sale financial assets, asset and liability hedging derivatives, held-to-maturity investment portfolio and investments, asset and liability balances arising from pensions, raising of funds in wholesale markets by issuances of euronotes, subordinated debt and capital having the nature of a financial liability and convertible instruments. The company was founded on July 14, 1926 and is headquartered in Madrid, Spain.