In the displays, we saw the milestones in equity issues in various forms such as bonus issues, rights issues and the listing of shares on the Malawi Stock Exchange. It is very clear that the foundation to becoming an investment bank was laid over time.
These downside risks relate mainly to a potentially broader impact from the ongoing reappraisal of risk in financial markets, global imbalances and protectionist pressures, as well as further oil and commodity price rises. With respect to price developments, according to Eurostat’s flash estimate, annual HICP inflation was 1.8% in August 2007, the same rate as in the previous month.