Popular Securities:
In the retail business, Popular Securities offers the sale of securities, financial advising, and full investment services through over 40 financial advisors available at more than 190 Banco Popular branches and three investment centers. Through its website, www.popularsecurities.com, clients can buy and sell stock, bonds, and mutual funds, and review market information and news.

On the institutional side, Popular Securities handles bond issues for the Commonwealth of Puerto Rico and local corporations, and provides financial advisory services to numerous public and private entities. In 2004, Popular Securities participated in 53 transactions reaching a value of approximately $17.6 billion.

Popular Asset Management:
Popular Asset Management provides institutional investment management services and reached over $3.02 billion in assets under management by the end of 2004.

Trust Division:
Our Trust Division offers administration services for employee benefit plans, corporate and personal trusts, and supplies various services to local mutual funds. For Internet access to its services visit www.bancopopular.com/401k.