Credit growth has rebounded strongly in 2004 and retail lending for consumption generally has increased. Indeed, the banking industry has continued to benefit from strong demand for consumer credit to the detriment of the foreign exchange reserves. But there remains a greater need for institutions to develop more avenues to assist productive sectors. In this regard, not much has changed.
A change in the mode of financial regulation Given the importance of maintaining public confidence and trust in the financial system, regulation and supervision continue to be vital components of a well-developed financial system.