These trends have currently been reversed, rendering any gains from trading and financial transactions during the last quarter of 2009 and the first part of 2010 highly unlikely.
Asset quality In the course of 2009, the quality of the loan portfolio declined, resulting in an increase of the NPL ratio (on a solo basis) to 7.2 percent in September 2009 (from 5.0 percent in December 2008), albeit at a decelerating rate.