Semester Report - Second Half 2011

Dear readers, we are proud to present the results of Banesco Banco Universal at the closing of 2011 second six-month period. As you might note, numbers show that the continuous effort and dedication of our Organization’s human assets have rendered their fruits. We fully met the financial intermediation function that our customers and general public expect from us as a financial institution. Thus, as of December 31, 2011, our net loan portfolio amounted to Bs. 41,905 million, which placed us in the first rank of the Venezuelan Financial System for the loan area. The increase of 51.5% of the amount of loans granted in 2011 by Banesco is over the average of the Venezuelan banking system which was 45.9%.