Intermediation margin

A positive performance was also reported by the net investment result, defined as the intermediation margin, net of operating impairment losses on financial instruments, owing in particular to the increase in the intermediation margin, which comprises the sum of net fee and commission income, net interest income and other financial items. Despite the reduction in realized gains and net performance commissions related to the current financial market situation, the development was due to the increase in dividends and net interest income, which benefited from the rise in market rates.

Financial segment60.39 KB