The trends in the area’s business activity were similar, in general, to those seen in previous quarters, although there has been greater stability in lending volumes with wholesale customers, and also some moderation in the growth of Turkish lira-denominated portfolios from Garanti.
Earnings in Eurasia were strongly affected by the new upturn in the cost of deposits in Garanti, in addition to the one experienced toward the end of 2013, and by the lower volume of impairment losses on financial assets.
A glimpse into the area
Business acitivity(Year-on-year change at constant exchange rates. Data as of 31-03-2014)  |
Net interest income/ATA(Percentage. Constant exhcange rates)  |
|---|---|
Operating income(Million euros at constant exchange rates)  (1) At current exchange rates: –33.3% |
Net attributable profit(Million euros at constant exchange rates)  (1) At current exchange rates: –16,4% |
Loans under management breakdown
(Percentage as of 31-03-2014)  |
Breakdown of customer deposits under management(Percentage as of 31-03-2014)  |
