(This reflects an improved cyclical position and better credit management, but also the discontinuation of weak banks and divestment of non-performing loans.) Liabilities are also being issued to meet the MREL (Minimum Requirement for own funds and Eligible Liabilities).
Indeed, the fruits of higher labour productivity in nonagriculture sectors, and higher living standards in urban areas enjoin the government to develop the manufacturing and service sectors in order to absorb the youths who are migrating from rural areas.