However, with the growing reach of the mobile in hinterland, it has now become possible to provide the banking facilities to people who were not able not able to enjoy this facility so far. At the end of January 2012, the total wireless subscriber base was 936 million out of which, 313 million subscribers were from rural areas.
I should note that shadow banks did not have any major role in the Finnish financial system in 1980s and in the financial crisis. However, we saw a little bit of the shadow bank phenomenon in what was called “grey economy” and “grey financial activity”, where notary departments of banks mediated loans with flexible interest rates outside the official system.