Diapositiva 1


2015 Third

Quarter Results


Madrid, October 30th 2015

2015 Third Quarter Results

October 30th 2015

2


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2015 Third Quarter Results

October 30th 2015

3


USA

  • Solid domestic

demand

  • Gradual interest rate

hikes


Mexico

  • Resilient economy

  • Recovery linked to the US economy


    Spain

  • Solid GDP growth


    Turkey

  • High growth trend despite geopolitical

    risk


    Footprint


    S. America

    • Affected by foreign and domestic

headwinds

  • Positive growth in the Pacific Alliance

  • In spite of slowdown,

2-3% GDP growth rate is expected

2015 Third Quarter Results

October 30th 2015

4


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Acquisition of an additional 14.89% stake in Garanti

Non-cash €-1,840 m

Attributable Profit


+38.2% Attributable Profit (ex. Corp. Ops.)

(3Q15/3Q14)


Note: Figures exclude Venezuela and impacts of the additional 14.89% stake in Garanti acquisition

distributed by