Strong market position and good diversification by business activities; Strong risk-adjusted capitalization; and Pulverized deposit base and adequate liquidity. Exposure to the Salvadorian economic and industry risks; and Strong competition and uncertain global economic environment. The stable outlook on Banco Agricola reflects our base-case scenario that the bank's business position and risk-adjusted capitalization will remain strong. The bank will keep taking advantage of its parent's expertise and benefit from its strong presence in El Salvador. We believe that the bank's RAC ratio will remain strong, based on our expectation of a 4% loan growth in 2012 and 2013 and its adequate internal capital generation capacity. We expect the bank's core earnings to average adjusted assets to stand above 2% during
