Commission Income, Net
During 2007, the Bank’s net commission income amounted to $5.6 million, compared to $6.3 million in 2006.  The $0.8 million or 13% decrease reflects lower letter of credit and guarantees activity during the first part of the year.

Recoveries (impairment), on assets
During 2007, the Bank recorded $0.5 million in impairment on assets, compared to $5.6 million in recoveries on assets in 2006.  The 2006 recovery was related to the collection of previously charged-off Argentine investment securities.  

Net Gain on Sale of Securities Available for Sale
During 2007, the Bank’s net gain on sale of securities available for sale was $9.1 million compared to $2.6 million in 2006.  The 2007 and 2006 gain was related to the sale of securities available for sale for a nominal amount of $509 million and $105 million, respectively.