BIS Review 88/2008  1  We are take pride in the fact that we were able to nurture our banking system back to health from the depths of the Asian financial crisis without the massive government bailouts that other countries in the region resorted to.
Our solution: to improve the quality of supervision and implement far-reaching structural reforms in cooperation with the Executive and Legislative branches of government. Today, bank profits are better and capital base deeper, while NPA and NPL ratios are nearly back at pre-crisis levels. As a result, our banking sector is recognized as strong and able to withstand the fallout from the global financial turmoil.