Big bank watch: net income as of June 30, 2004.
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* Banco de Galicia Galicia, historic region, Poland and Ukraine
Galicia (gəlĭ`shə, –shēə, –ə), Pol. Galicja, Ukr. Halychyna, Rus. y Buenos Aires Buenos Aires (bwā`nəs ī`rēz, âr`ēz, Span. bwā`nōs ī`rās), city and federal district (1991 pop.
Net income at the Argentine Argentine
having some relationship with the country Argentina.
geochelonechilensis. bank surged 105.2% to US$900,000 during the second quarter, compared with the same period a year earlier. The bank restructured its foreign debt and improved operating income Operating Income
The profit realized from a business' own operations.
This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. . Loan-loss provisions also fell, the bank reported.
* Banco Itau
The Brazilian financial giant earned US$305.3 million during the second quarter, more than any other bank in the region. During the period, the bank's small-business and middle-market loan portfolio grew, as did personal loans and credit-card portfolios.
* Banco de Credito
The Peruvian bank earned US$23.7 million during the second quarter in 2004, down 22.8% from the same period a year earlier. The bank's performance was the worst among financial institutions monitored by LATIN TRADE Latin Trade is a monthly magazine covering global business in Latin America and the Caribbean. Similar to Forbes and Fortune Magazine in coverage, the magazine was founded in 1993 and now publishes 87,000 copies 1 each month in Spanish, Portuguese, and English. . Banco de Credito attributed the results to lower net-interest income, inflation and portfolio adjustments.