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Strong Performance<br />
2006<br />
vs. 2005<br />
Accomplishments<br />
Net Income<br />
Pre-Tax<br />
ROE<br />
Volume<br />
Managed Assets<br />
Revenue<br />
$332 Million<br />
$537 Million<br />
19.5%<br />
$17.6 Billion<br />
$33 Billion<br />
$1.1 Billion<br />
19%<br />
19%<br />
140 bps<br />
26%<br />
21%<br />
15%<br />
<br />
Expanded sales force globally and<br />
increased productivity<br />
<br />
Realigned vendor organization to<br />
better serve customers<br />
<br />
Won several global marquee<br />
relationships including Microsoft<br />
<br />
Student Loan Xpress performance<br />
significantly ahead of plan<br />
<br />
Continued strong credit and residual<br />
management performance<br />
Net Margin<br />
3.14%<br />
60 bps<br />
Challenges<br />
Net Charge-offs<br />
Efficiency Ratio<br />
0.64%<br />
39.9%<br />
15 bps<br />
10 bps<br />
• Lower year-over-year volume from<br />
largest vendor relationships<br />
• Pressure in the housing market<br />
Data as of or for the nine months ended September 30.
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