John Cryan
You’re welcome.
Operator
The next question is from Mr. Georg Kanders, WestLB. Please go ahead, sir.
Georg Kanders – WestLB
Yeah. I have a question on the sale of the service center in Hyderabad. Do you – I think you still will use the service center and thus I think the cost effect is not as much as the 2000 employees less or will this service center in the future also be available for other companies?
John Cryan
Yes. We’ve sold the service center to an existing provider of outsourcing offshoring services and the purpose of doing that was to improve the efficiency, increase the scale, improve the efficiency and control standards there. You’re right that it does not lead to a reduction equivalent to a net loss of 2000 people because we will continue to use that facility. We will also continue to operate our service center in Poland, in Krakow, where we continue to hold and retain that in-house. But you’re right, the cost base will improve as a result of the transaction, that’s why we did it, but it won’t improve by as much as the cost of 2000 people.
Georg Kanders – WestLB
Okay. Yes. Thanks.
John Cryan
You’re welcome.
Operator
The next question is from Mr. (Daniel Meyer, Blick). Please go ahead, sir. Mr. Meyer, your line is open, you can ask your question.
John Cryan
We don’t hear anything here.
Operator
We will take a next question from Mr. Daniel Zulauf, from Basler Zeitung. Please go ahead, sir.
Daniel Zulauf – Basler Zeitung
Yes, good morning. I would like to invite you to re-explain me something that you explained before in connection with this liquidity buffer that you are moving from the Investment Bank to the Corporate Center. I understand that you are reclassifying in connection with that certain assets from hold to maturity to available for sale. That’s my – that was my understanding. Now, in the same conference, you mentioned that the reclassification of assets a year ago, which you made, has deprived you to show a profit of 1.8 billion Swiss francs, I understand? Is there a connection between these two situations? This is my first question.
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