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AmericasJanuary 2 2006

Uruguay

Banco RepúblicaFernando Calloia, Chairman
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1. What makes your country attractive to investors?

Our country guarantees foreign investors exactly the same treatment as for domestic investors, free inflows and outflows of capital and profits, political and economic stability, clear regulations and a sound financial system, strong and reliable.

2. What are the economic prospects for your country over the next three to five years?

The economic prospects for the next five years are a sustained economic growth, a 5% average annual inflation and a sharp reduction of external indebtedness until investment grade is reached at the end of the period.

3. How do you foresee the financial sector in your country changing?

Over the next years, the financial sector shall expand domestic credit, mainly loans destined to agricultural and industrial production and to the financing of mortgage credits granted to individuals, within the frame of a duly adjusted regulatory system.

4.What role will your bank play in your country´s future development?

Banco Republica intends to be an efficient competitor in all credit segments, a leader in the financing of export and investment projects, and to provide quality financial services for all the people.

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