Profitability is positive and consistent with the limited risk profile of activities performed by the company.
In CDP's public-policy mandate activities, profitability is not a business objective per se and has remained fairly modest, but stable, in the past.
With the traditional public sector lending remaining the main business of the company, in the coming years profitability will stay broadly similar to past levels, with low margins that reflect the low-risk nature of this business.
However, low-margin lending levels will continue to enjoy cheap and ample retail funding through the State-guaranteed postal saving instruments.
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