Thrift banks would therefore be served well if they would view competition such as this — as the impetus for “raising their game”. It certainly cannot be business as usual for the industry. Indeed, there are many opportunities to better serve your chosen markets. In pursuing these opportunities, we enjoin you to remain prudent.
In this increasingly integrated and globalized financial environment, it is important for thrift banks to always be guided by the tenets of effective risk management and sound governance standards. A changing global environment Thrift banks should fully prepare to address the risks and challenges that will come with growth opportunities in this rapidly changing business environment.