When you come across a bank Chairman's statement on sustainability like this one, it's no wonder that the finance industry is so terrible at understanding anything that's at stake around these issues except cold hard cash (or caring about people in general). Note: Highlighting is Chairman's own special touch:
"It gives me great satisfaction to be able to state that, notwithstanding the economic situation that is still characterised by persistent uncertainty and market volatility, the Group continues to show robust growth, with an especially strong increase in life insurance collection. The choice of directing the latter towards more financially-rewarding products and the high performance obtained from investment management, combined with the rigorous cost control, has allowed us to achieve a growth in net results that ranks among the best in the sector. This was possible thanks to the positive technical result also in the non-life segment, despite numerous catastrophic events."
Right.
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