INFORMATION MEMORANDUM DATED 9 JULY 2009 ...
INFORMATION MEMORANDUM DATED 9 JULY 2009 ...
INFORMATION MEMORANDUM DATED 9 JULY 2009 ...
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total of the business that the Consumer Group carries out in each geographical area: Spain (including<br />
Openbank) and Portugal, Germany, Italy, Scandinavia and the Rest of Europe.<br />
The following tables summarise customer lending and customer deposits by geographical area at 31<br />
December 2008, compared with the previous year (excluding balance sheet adjustments):<br />
(millions of euros)<br />
Customer Lending<br />
2008 financial<br />
year<br />
% of total<br />
activity<br />
2007 financial<br />
year<br />
Variation<br />
2008/2007<br />
(%)<br />
Spain and Portugal 13,675.1 27% 14,209 -4%<br />
Germany 23,240.3 47% 17,257 35%<br />
Italy 6,104 12% 5,762 6%<br />
Scandinavia 3,498.4 7% 3,504 0%<br />
Rest of Europe 3,241 7% 2,893 12%<br />
Total 49,758.8 100.0% 43,625 14%<br />
(millions of euros)<br />
Customer Deposits<br />
2008 financial<br />
year<br />
% of total<br />
activity<br />
2007 financial<br />
year<br />
Variation<br />
2008/2007<br />
(%)<br />
Spain and Portugal 4,658.6 26% 4,921.3 -5%<br />
Germany 12,888.4 72% 8,331.9 55%<br />
Italy 340.3 2% 429.3 -21%<br />
Scandinavia 52.7 0% 76.3 -31%<br />
Rest of Europe 7.2 0% 18.8 -62%<br />
Total 17,947.2 100.0% 13,777.6 30%<br />
The following sections describe the main markets in which the Issuer competes within each<br />
geographic area.<br />
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