2. 2

3. 












3

4. 4

5. 5

6. 6

7. 7

8. 8

9. •
•
•
9

10. 10

11. •
•
•
11

12. •
•
•
12

13. •
•
13

14. 7,50%
7,00%
6,50%
6,00% 5,68%
5,51%
5,50%
5,62% 4,99%
5,36%
5,00%
5,21%
4,71%
4,50% 4,98%
4,38%
4,00%
1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 4Q 09 1Q 10 2Q 10 3Q 10 4Q 10 1Q 11 2Q 11 3Q 11 4Q 11
NIM (gross loans based) NIM (net loans based) NIM (net loans; correspondent accounts excluded)
14

15. 15

16. 16

17. •
•
•
•
17

18. 18

19. ●
●
●
19

20. •
•
20

21. 21

22. 





22

23. 23