 In 1990 the company re-emphasized its banking arm by creating Banco MAPFRE, the nucleus of Crédito del Sistema MAPFRE.The same year, having reached the age of 70, Larramendi resigned from all corporate roles except in the international business, where he stepped down in 1995; he complied with the rules he created and introduced himself.He was leaving the company operating 1,648 branch offices, employing directly 4,500 people and indirectly further 12,000, with 500m ptas consolidated assets and annual proceeds of 200m ptas.