The key in 2010:
Excellent performance throughout the crisis in earnings, business activity and risks.
Strong business activity.
Significant progress in earnings.
Cost moderation.
Comfortable liquidity and solvency position in all units.
Numerous prizes and awards, including: Banco Continental and Banco Provincial were considered by Global Finance as the best banks in Peru and Venezuela. BBVA Colombia was recognized as the “Bank of the Year” in the country by The Banker. It also received an award as the best Colombian bank for good corporate governance practices, social responsibility and ethics from Latin Finance. And Euromoney named BBVA Paraguay as the “Best Bank” in the country for the fourth year in a row.
Acquisition of Crédit Uruguay Banco.
Launch of multiple growth and differentiation plans.
Outlook for 2011:
The recovery dynamism of 2010 will continue in both activity and earnings, with low levels of default, in a highly competitive environment.