Bank CEO’s and Chairmen have been seen off the stage for their failures and violations, including money-laundering offences. These are not just corporate banking failures; corporates only act through individuals. These are therefore also individual failures. Criminal prosecution of the individuals responsible is something that we shall be hearing more about in the weeks and months ahead.
However, there are enormous challenges for the sector against a background of moderate future economic growth, low interest rates and high indebtedness of public and private agents. Thus, in the first place, banks must continue to reduce their non-performing assets in line with the guidelines and reduction plans submitted to the supervisory authorities.