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Guipuzcoano Bank earns 22.7 million euros to June, 73.5% of predicted for the whole year.

The Bank has won Guipuzcoano until last June, 22.7 million euros, 73.5 percent expected for this whole exercise, and has placed its credit loss allowance coverage of 73.76 in percent, 16 percentage points above the sector average.

In a statement, the bank has stressed that these data "successfully passed" the stress test conducted by the European Committee of Banking Supervisors, CEBS, in, aika gold, coordination with the European Central Bank, and conducted through the Bank of Spain, without additional capital or support of Frob.

The profit after tax of Guipuzcoano Bank in the first half of 2010 amounted to 22.7 million euros, equivalent to 73.5 percent of 30 million euros that the bank's shareholders meeting had anticipated as a result for, fallen earth chips, all the year 2010 and, in the opinion of its leaders, allows the Bank to deal "with confidence" the second half of the year.

The Bank has assured that his "ample liquidity position, with 1.184 million euros, will allow you to" meet any due in the next two years. " The Guipuzcoano site in the first, STO gold, six months of coverage in the insolvency fund 73.7 percent, one of the largest coverage of the entire sector arrears and 16 percentage points above average.

For its part, the solvency ratio stood at 12.15 percent, with a Tier 1 9.05 percent, both rates 50 percent higher than the minimum required. At the end of last June's Guipuzcoano delinquencies stood at 4.9 percent of total risk, six tenths below the sector average.

The half-yearly profit after tax of EUR 22.7 million representing a decrease of 17.5 percent over the same period last year.

Between January and June 2010, gross margin Guipuzcoano Bank was 109.9 million euros, 21.6 percent below the same period a year ago. For their part, administration and depreciation expenses experienced a 0.7 percent containment of the year, to 71.8 million euros.

In the first half of this year, the Bank impairment losses fell by 69.7 percent, "thanks to greater use of generic supplies," according to the entity that has been suggested that specific allocations, similar to the previous year, amounted to 62.6 million euros.

The result of exploitation, "significantly higher than the previous year, was of 33.8 million euros," he added.

Lastly, you stated that, in addition, between January and June this year, has earmarked 36 million euros in writedowns, compared to 1.7 million euros in the first half of fiscal 2009.

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