January-June 2013


Lending has maintained the same trends seen in previous quarters. Performing loans as of 30-Jun-2013 have declined by 17.7% in year-on-year terms and 3.2% over the quarter to €49,470m, due to the slump in business in developed countries. This trend is explained by balanced geographical diversification and the implementation of a strategy that prioritizes profitability, cross-selling and selective growth over volume.

Customer deposits under management have performed very well, closing June at €32,148m, which represents an increase of 23.8% on June 2012 and 12.0% on the figure for the close of March 2013.

As a result, the liquidity position of the Group’s wholesale business has improved significantly over the quarter.