Announcement regarding revision in expected inflation reading used in CPI-Linkers’ valuation
Although there is not a material change to our banks’ future looking expectations referenced above, the 7% inflation expectation announced earlier to be used in CPI-Linkers’ valuation was revised to 9%; in parallel to the upwards revision of CBRT’s 2017 inflation forecast. The resulting impact will be reflected to the financial statements starting in May, and will be distributed equally on a monthly basis until the end of the year.