Liquidity management

• The target of the last few years to generate a liquidity gap in commercial business, reduce total financing of wholesale markets and increase the Bank’s liquidity position has been maintained.
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• On-balance sheet customer funds have increased by 39.2% compared with 2014 year-end, mainly due to the acquisition of TSB.
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• During 2015, the generation of a commercial gap has stabilised, continuing with its positive trend observed during the last few years, although at a more moderate rate.