Seizing opportunities with diversified funding sources

NUMBER OF EMPLOYEES

Maintaining risk discipline – CRE

Appraisal based pricing can understate risk

Reduced debt by ca. 20% and decreased cost of funding by ca. 60%

Figure 4. Performance benefit improvements by operational maturity level over the last three years

Slower global economic activity and reduced supply constraints have led to a notable easing in commodities prices, providing a welcome relief on the inflati o n front

OUR HEALTH REMAINS IMPORTANT

Economic activity across Europe remains largely muted, with Spain and Ireland emerging as notable exceptions, showing strong growth in output and demand