ECB analysis suggests that lower net interest margins are being partly offset by higher asset valuations and a more robust economy – which in turn boosts lending volumes and leads to lower provisions and impairments for banks. And more generally, our policy measures create a faster recovery with higher inflation, which implies a faster return to monetary policy normalisation.
•  National Unified USSD Platform (NUUP) – The setting up of National Unified USSD Platform for providing an interoperable USSD based mobile banking system is an unparalled feat in itself as it links all telcos and all major banks, and offers services in over 11 languages. It has a lot of expectations as well as its potential for enabling financial inclusion is enormous.