12 unchanged sentences
The following presents the sensitivity in net interest income and fair value of equity as of the dates indicated, using a parallel ramp scenario.
−Removed: As of December 31, 2021
−Removed: As of December 31, 2020
−Removed: Percent Change
−Removed: Percent Change
−Removed: Percent Change
−Removed: Percent Change
+Added: As of December 31, 2022 As of December 31, 2021
+Added: Change in Interest Rates (Basis Points) Percent Change
in Net Interest
+Added: Income Percent Change
in Fair Value of
+Added: Equity Percent Change
in Net Interest
+Added: Income Percent Change
in Fair Value of
−Removed: Change in Interest Rates (Basis Points)
−Removed: The model simulations as of December 31, 2021 imply that our balance sheet is slightly more asset sensitive compared to our balance sheet as of December 31, 2020.
+Added: 200 (2.26) % (9.99) % 9.31 % 11.43 %
+Added: 100 (1.13) (5.09) 4.88 7.78
+Added: -100 1.08 2.07 (2.58) (26.39)
+Added: -200 4.33 (4.27) (3.32) (46.36)
+Added: The model simulations as of December 31, 2022 imply that our balance sheet has shifted to a more neutral position in terms of interest rate sensitivity compared to our balance sheet as of December 31, 2021.
+Added: Further, our balance sheet is better positioned to protect net interest margin in a declining interest rate environment as of December 31, 2022 compared to our balance sheet as of December 31, 2021.
Although the simulation model is useful in identifying potential exposure to interest rate changes, actual results for net interest income and economic value of equity may differ.
5 unchanged sentences
Therefore, changes in interest rates can significantly impact our performance beyond the general effects of inflation.
−Removed: Interest rates do not necessarily move in the same direction or magnitude as prices of general goods and services, while other operating expenses can be correlated with the impact of general levels of inflation.
+Added: Interest rates do not necessarily move in the same direction
+Added: or magnitude as prices of general goods and services, while other operating expenses can be correlated with the impact of general levels of inflation.
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.