An Emerging Opportunity Set in Commercial Real Estate Equity

In the 2010s, domestic production regained importance in value chains – This trend is set to continue due to a variety of factors

Question 4 50% expect that the government in their ultimate parent company’s jurisdiction has or likely will increase tax rates and/or i ntr oduce new taxes as a result increased government deficits/debt caused by Covid 19.

Maintaining risk discipline – C&I

Operating with a prudent buffer to each tier of capital requirements

Europe real estate: Yield and spreads

The diverse gender identifications and sexual orientations are not similarly out at work

Strong capital position at Group and pro forma combined parent bank level

80%-90% of hospitals have achieved a balanced budget or positive EBITDA margin, indicating recovery from COVID-19 impact since 2020