Banco DE Vasconia S.a. - VAS- Profile

Banco De Vasconia S.A.. The Company's principal activity is to provide both personal and corporate banking services. Its products include personal and business accounts, cash management, trade finance, business cards, insurance, saving and investment vehicles, mortgage and finance, credit and debit card. The Group is one of five regional branches of the Group Banco Popular, which is further comprised of a national bank, Banco Popular Espanol; the regional banks, Banco de Castilla, Banco de Credito Balear, and Banco de Galicia; a mortgage bank, Banco Popular Hipotecario; banks in France and Portugal, Banco Popular France and BNC, and an Internet bank, bancopopular-e.com. In 2006, the Group has 116 offices, 63 in Navarra, 14 in La Rioja, 37 in the Basque Country and 2 in Madrid. Interest and fees on loans accounted for 80% of 2005 revenues; other operating income, 19% and others, 1%