Company Profile For Banco Popular Espanol SA

Banco Popular Espanol SA is a Spain-based financial institution principally engaged in the banking sector. Its business is structured in three fields: personal banking, corporate banking and financial institutions. Its services and products include saving accounts, investment funds, fixed-term deposits, commercial and consumer loans, mortgages, debit and credit cards, cash management and other banking operations processing services to businesses and individuals. The Bank is a parent of Grupo Banco Popular, a group which comprises Banco de Andalucia SA, Banco de Castilla SA, Banco de Credito Balear SA, Banco de Galicia SA, Banco de Vasconia SA, Banco Popular Hipotecario SA, Bancopopular-e SA, Popular Banca Privada SA, Banco Popular Portugal SA and TotalBank, among others. Through its subsidiaries, the Bank has operations established in Europe and the United States.

BRIEF: For the nine months ended 30 September 2009, Banco Popular Espanol SA's interest income decreased 16% to EUR3.98B. Net interest income after loan loss provision decreased 24% to EUR1.03B. Net income from continuing operations decreased 32% to EUR651.2M. Interest income reflects a decrease of the loans issued. Net income from continuing operations suffered from lower incomes from commissions and higher other operating expenses.