At the retail level, the rationale is that delivery channels developed for banking services can be cheaply exploited to deliver other financial products. At the wholesale level, banks following the integrated strategy believe that the provision of an assured credit source will help them with mandates for other forms of corporate finance, possibly with fatter profit margins.
Amando M Tetangco, Jr: Accounting reforms towards good corporate governance Speech by Mr Amando M Tetangco, Jr, Governor of the Central Bank of the Philippines, at the 3rd Asian Accounting Firms (ASNAF) Conference, Makati City, 11 November 2005. *  *  *  Distinguished guests, ladies and gentlemen, good morning.