January-September 2013



Business activity in the United States continues the trend begun in past quarters, with balanced growth in each of the franchise’s target credit portfolios (commercial, residential real estate and consumer), and in lower-cost deposits, i.e. current and savings accounts.

In earnings, the negative impact of interest rates status-quo on net interest income has been offset by cost control implemented by the area and the reduction of provisions. As a result, the net attributable profit in the United States has grown slightly in year-on-year terms.