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securities portfolio

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liquidity position

 

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Conservative risk profile

Portfolio risk remains low both in sizing and duration.

 

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High sensitivity of NII(2) to interest rate increase:

  •  rates up 1% ⇒ ~ +43 mln NII
  •  rates down 1% ⇒ ~ -37 mln NII

(2) Sensitivity as at 31/12/2018, operational estimate

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Negligible share of “level 3” assets.

 

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