Banco Santander Rio SA is an Argentina-based financial institution principally engaged in the banking sector. The Company divides its activities into the business divisions: People banking, Small and Medium Enterprises (SMEs) and Commerce banking, Business, Agro and Corporate banking. Its portfolio of products and services include saving and current accounts, debit and credit cards, consumer and commercial loans, insurance, mortgages, fixed-term deposits, money transfers, cash management, investment advice and factoring operations, among others. As of December 31, 2012, the Company owned a subsidiary Santander Rio Sociedad de Bolsa SA, as well as minor stakes in Gire SA, Banelco SA, Visa Argentina SA, Interbanking SA and Bladex SA. In addition, Banco Santander SA was the Company’s majority shareholder.