Profits amid an unprecedented economic and financial crisis

G20 agreements

• Continue with the necessary actions to stabilise the financial system.
• Recognise the importance of support from monetary policy.
• Use fiscal measures to stimulate demand.
• Help emerging economies gain access to financing.
• And ensure that development banks and multilateral organisations have sufficient resources to carry out their role at full capacity.

Profits despite the difficulties

• Increase in recurring income.
• Continued focus on cost containment.
• Major effort in write-downs.

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