The profits for 2019, capitalized following the recommendations of the supervisory authorities on the distribution of dividends, were crucial, as were the measures imposed by the European regulator. However, the crisis has begun to have an impact on the return on equity and on reserves, which fell considerably in the first half of the year, mainly due to higher loan loss provisions.
Thus, the mindset of private economic entities such as households, firms, and financial institutions was not converted.