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THE GROUPTHE BANK
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The principal actuarial assumptions used for accounting purposes are:202020192018202020192018
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Discount rate
3.7% - 3.8%
5.7% - 5.9%6.4% - 6.7%3.70%5.70%6.40%
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Salary increases3.5% - 5%5.00%5.00%3.50%5.00%5.00%
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Average retirement age60 years60 years60 years60 years60 years60 years