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New loans in Spain fell in December -12.1% (yoy), while the cumulative flows during 2015 increased by 12.0%. During the last quarter the portfolio over of 1 million € loans to companies (Corporate) has evolved worse than expected.

The flow of new lending transactions in Spain consolidated the turnaround seen in late 2014, growing 23.2% in September (yoy) and 17.2% (yoy) in 2015 accumulated. During the last quarter all portfolios have evolved beyond their expectations.