Consolidated Income Statement (In thousands of Bs and millons of US$) Year Ended Interest Income Income from Cash and Due from Banks Income from Investment Portfolio Income from Loan Portfolio Income from Financial Assets Total Interest Income Interest Expenses Interest on Demand and Savings Deposits Interest on Time Deposits Interest on Securities issued by the institution Interest on Financial Liabilities Total Interest Expenses Net Interest Income Provision for Losses on Loan Portfolio Expense for Devaluation of Investments in Available-for-Sale Securities Net Financial Margin Commissions and Other Income Trust Fund Operations Foreing Currency Transactions Commissions on Customer account Transactions Commissions on Letters of Credit and Guarantees Granted Equity in Long-Term Investment Exchange Gains Income on Sale of Investments Securities Other income Total Commissions and Other Income Insurance Premiums. Net of Claims Premiums Claims Total Insurance Premiums. Net of Claims Operating Income Operating Expenses Salaries and Employee Benefits Depreciation, Property and Equipment Expenses, Amortization of Intangibles and Other Fees Paid to Regulatory Agencies Other Operating Expenses Total Operating Expenses Net before Income taxes, Extraordinary items and Minority Interest Taxes Current Deferred Total Taxes Minority Interest Net Income for the Year (1) Dollar figures are given for reference purposes only and are converted at the average exchange rate of Bs 3.5827/US$ 1. Exchange control has been in place in Venezuela since February 2003. Alejandro González Executive President Alfonso Figueredo Davis Global Chief Financial Officer <strong>2010</strong> US$ (1) 2 286 1,268 1 1,557 (426) (31) (8) (38) (504) 1,053 (269) Annual Report <strong>2010</strong> 26 - 784 16 (2) 76 6 17 297 160 332 901 917 (799) 117 1,803 (477) (126) (136) (364) (1,103) 700 (77) (16) (93) 607 - 607 <strong>2010</strong> bolivars 6,495 1,025,296 4,544,692 1,849 5,578,332 (1,527,917) (111,867) (29,790) (135,410) (1,804,984) 3,773,348 (963,152) - 2,810,196 56,267 (7,612) 272,035 22,265 60,372 1,063,278 572,446 1,190,182 3,229,233 3,284,696 (2,863,982) 420,714 6,460,143 (1,707,492) (453,031) (486,579) (1,303,751) (3,950,853) 2,509,290 (275,100) (56,676) (331,776) 2,177,514 (1,201) 2,176,313 2009 bolivars 11,179 1,099,090 3,488,723 42,019 4,641,011 (1,305,262) (226,191) (124,809) (170,204) (1,826,466) 2,814,545 (759,658) (34,993) 2,019,894 48,265 2,106 230,693 19,138 64,774 2,350 198,947 814,311 1,380,584 2,278,612 (1,952,257) 326,355 3,726,833 (1,370,994) (357,952) (192,011) (912,805) (2,833,762) 893,071 (96,890) - (96,890) 796,181 (489) 795,692 Isabel Pérez Sanchis Corporate Comptroller 2008 bolivars 33,787 957,586 3,450,762 31,951 4,474,086 (1,059,657) (428,639) (153,584) (156,442) (1,798,322) 2,675,764 (473,188) - 2,202,576 42,673 3,067 183,740 31,113 66,478 (8,890) 258,919 634,718 1,211,818 1,666,930 (1,391,018) 275,912 3,690,306 (1,155,761) (293,118) (144,533) (952,166) (2,545,578) 1,144,728 (192,181) 7,068 (185,113) 959,615 (628) 958,987 2007 bolivars 11,525 796,618 2,218,304 29,838 3,056,285 (532,103) (392,150) (88,407) (130,703) (1,143,363) 1,912,922 (126,897) - 1,786,025 40,682 3,765 181,808 32,576 41,333 (1,537) 184,632 537,839 1,021,098 1,061,618 (885,954) 175,664 2,982,787 (904,364) (225,053) (113,320) (776,798) (2,019,535) 963,252 (188,552) 9,183 (179,369) 783,883 (550) 783,333 Gustavo A. Marturet President 2006 bolivars 16,505 678,562 1,585,296 1,132 2,281,495 (361,659) (374,582) (29,180) (77,289) (842,710) 1,438,785 (108,378) - 1,330,407 38,816 2,020 153,105 24,622 32,909 9,494 149,389 447,496 857,851 675,611 (562,175) 113,436 2,301,694 (734,526) (169,523) (77,280) (643,990) (1,625,319) 676,375 (124,699) 5,938 (118,761) 557,614 (1,880) 555,734
César PRIETO Calle caraqueña, around 1920 Oil on canvas 51 x 69 cm