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... a tangible improvement from last year's 3%. however, competitive position worsens once again although labor costs are getting lower. low inflation, estimated at 0.9% for 2005, due to both ... market risk. liquidity risk treasury manages the day-to-day liquidity and this process is mon- itored by the financial control department. in line with head office liquidity and cash flow policies ...
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... clearly increased on a global scale. in an environment of closing output gaps, strengthening labor markets and slowing productivity growth, inflation risks are on the upside. as far as ... encompasses all phases of the process from target market definition to collection and management of the overall portfolio. the core credit risk policies specifically address; i) establishing an appropriate credit ...
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