While it is expected that the world economy will recover in 2010, risks surrounding the outlook are on the downside as the depth and length of the global economic downturn will crucially depend on the evolution of the financial crisis. The inflation outlook has also changed significantly. Global inflationary pressures are quickly diminishing.
During the last five years, the bank’s total assets have increased three-fold. It now ranks 6th in terms of total assets of the banking sector. The bank’s previous CEO, Chris Clarkson, was constantly fighting for financial deepening and the development of the domestic debt market.