True, according to financial statements audited by E & Y release in 2012, the TPBank have accumulated losses up to 31/12/2011 is 1,367 million. So according to the provisions of the tax law, TPBank was full and continuous transfer of holes into the taxable income of subsequent years. Interim losses continuity of not more than five years, since the year following the year incurred losses. Such profits annually by the Bank will be used to offset accumulated losses. TPB is expected in 2015 will offset the losses accumulated.
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