Risks related to the Issuer generally
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The emergence of a significant international event such as a new pandemic, a war or a climate event and measures taken by governments of countries in response to it are all beyond the reasonable control of the Issuer and adversely affect the Issuer.
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The profitability of the Issuer’s businesses could be adversely affected by a worsening of general economic conditions in its markets, as well as related factors, including governmental policies and initiatives.
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While the Issuer believes it is positioned to compete effectively with local and international banking and non-banking competitors, there can be no assurance that increased competition will not adversely affect the Issuer in one or more of the markets in which it operates.
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The Issuer’s business activities are subject to substantial regulation and regulatory oversight and the nature and impact of future changes in applicable policies are not predictable, are beyond the Issuer’s control and could have an adverse effect on the Issuer’s business and results of operations.
Risks related to the Issuer’s business activities
- The Issuer’s credit risk may be exacerbated when the collateral it holds cannot be realised at, or is liquidated at prices not sufficient to recover, the full amount of the loan or derivative exposure it is due to cover, which could in turn affect the Issuer’s ability to meet its payments under the Notes.
- The occurrence of any failures or interruptions resulting from inadequate or failed internal processes or systems, from people’s failings or from external events could have a material adverse effect on the Issuer’s financial condition and results of operations.
Risks related to the Issuer’s financial situation
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Insufficient liquidity could have a material adverse effect on the Issuer’s solvency and its ability to make payments under the Notes.