It is in this context that I find BAIPHIL’s theme for this occasion as a most appropriate rallying point: “Turning challenges into opportunities.” I believe we are in a position to continue to fortify our buffers by remaining proactive in our response and deeply committed to pursue our reform agenda.
15  In the last four years net interest income has accounted for 70 per cent of gross income, 15 percentage points more than the average for the banking system. In 2012 interest on loans was unchanged from the previous year while funding costs and loan loss provisions increased.