For the two-year period of 2009 and 2010, this means that, altogether, there were write-downs of some € billion. In the 2009 Financial Stability Review, we estimated a figure of between € billion and € billion. The actual write-downs are therefore in the lower half of the expected range.
The Stability Review also contains a stress test on the profitability of German banks in interest rate business and commission and fee business (Figure 5).