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... oil prices, the still increasing global current account imbalances, the latent protectionist pressures and slowing housing markets in a number of countries are negative risk factors. a cushion is ... strong reduction in daily market liquidity. consequently, we followed our prudent approach and slowed down the product generation process, leading to commission income well below expectations. hence, one ...
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TEB NV FR 05.fh9
... have been around down from previous year. however, evenafterthisslowdown,gdpgrowthintheunitedstates isestimatedtobethehighestintheg7countries.looking ahead, with household savings at record low levels, there is a risk of a sharp slowing in ... until the next election, due in may 2007. turkey growth after a moderate slow-down in the first half pace of economic growth accelerated in the third quarter, ...
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TEB NV Management Board Report 2011.pdf
... almost zero growth in 2012, mainly due to negative domestic spending. although world trade is slowing, exports are still contributing positively white imports have fallen sharply. the trend is expected to ... turn, approved by the supervisory board and by having a balanced risk appetite as laid down in approved policies. risk appetite the bank's risk appetite is formulated by management and ...
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