Net interest margin stood at 2.6 percent during the first 9 months of 2009, twice the EU average. However, profitability declined y-o-y by around 42%. This outcome was the unavoidable result of the crisis that hit Greece with a time lag and was aggravated by the structural and fiscal imbalances that characterise the Greek economy. Impairment charges have been the key drag on profits.
16  Given the current economic situation and the many challenges facing Curacao, only a comprehensive and well-balanced growth strategy that includes structural reform measures will help us reach a sustainable higher and more inclusive economic growth path. Thank you for your attention. 17