Wholesale Banking & Asset Management (1)

Income statement

(Million euros at constant exchange rates)

Wholesale Banking & Asset Management	2011	Growth 12M11/12M10
		Absolute	Percentage
Gross income	2,724	(72)	(2.6)
Operating income	1,776	(207)	(10.4)
Income before tax	1,673	(110)	(6.2)
Net attributable profit	1,122	(86)	(7.1)

1. Revenue diversification

WB&AM. Gross income breakdown by geographic region

(Percentage)

WB&AM. Gross income breakdown by product

(Percentage)

(1) The figures of this aggregate cross all the business areas previously introduced.

2. Stronger revenue from customers...

WB&AM. Gross income breakdown and evolution

(Percentage)

3. ...And resilience despite adverse conditions

WB&AM. Net attributable profit

(Million euros at constant exchange rates)