Business activity in South America has continued its positive trend of previous quarters in both lending and customer funds. This is particularly significant in the individual customer segment, where the banks in the area are performing better than their main competitors. Moreover, the positive performance has taken place while maintaining the asset quality indicators stable.
In earnings, the growth in business volume and maintenance of customer spreads have ensured favorable revenue in the area. As a result, investment can continue to develop and expand the franchise in the region.