12 unchanged sentences
% Change from Base Case for Parallel Changes in Rates
−Removed: -100 Basis Points
−Removed: -50 Basis Points
−Removed: -25 Basis Points
−Removed: +100 Basis Points
+Added: -50 Basis Points -25 Basis Points +100 Basis Points +200 Basis Points
NII - next twelve months (1.26) % (0.24) % (2.43) % (5.84) %
+Added: NII - Year 2 8.32 % 10.08 % 8.01 % 3.54 %
+Added: EVE (0.24) % 0.70 % (2.82) % (11.18) %
The Company’s objective is to manage the balance sheet with a “risk-neutral” position.
1 unchanged sentence
An “asset sensitive” position refers to when the characteristics of the balance sheet are expected to generate higher net interest income when interest rates, primarily short-term rates, increase as rates earned on interest-earning assets would reprice upward more quickly or in greater quantities than rates paid on interest-bearing liabilities would reprice.
−Removed: A “liability sensitive” position refers to when the characteristics of the balance sheet
−Removed: are expected to generate lower net interest income when short-term interest rates increase as rates paid on interest-bearing liabilities would reprice upward more quickly or in greater quantities than rates earned on interest-earning assets.
+Added: A “liability sensitive” position refers to when the characteristics of the balance sheet are expected to generate lower net interest income when short-term interest rates increase as rates paid on interest-bearing liabilities would reprice upward more quickly or in greater quantities than rates earned on interest-earning assets.
Financial Statements and Supplementary Data
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.