ADMINISTRATIVE EXPENSES

12 Months Ended

Dec. 31, 2010

ADMINISTRATIVE EXPENSES

NOTE 23 – ADMINISTRATIVE EXPENSES

	01/01 to 12/31/2010		01/01 to 12/31/2009		01/01 to 12/31/2008
External administrative expenses		2,830		2,571		1,185
Maintenance and security expenses		1,593		951		569
Communication expenses		1,531		1,278		821
Technology expenses		1,320		992		764
Rent expenses (Note 30c)		841		795		394
Advertising expenses		677		514		373
Transportation costs		598		385		282
Banking and brokerage fees		596		563		593
Other marketing expenses		570		324		259
Credit card outsourcing processing fees		561		307		162
Office and technology supplies		483		299		231
Utilities		282		266		175
Traveling expenses		170		120		97
Other		723		636		504
TOTAL		12,775		10,001		6,409