Nevertheless, the financial statements of financial institutions for fiscal 2008 showed net losses for the first time in five years for major and regional banks and in six years for shinkin banks, mainly due to a decline in net operating profits and an increase in losses on securities.
REMARKS BY THE SECOND DEPUTY GOVERNOR, MRS. ELSIE ADDO AWADZI, AT THE JOY FM FINANCIAL SECTOR FORUM ON NOVEMBER 1, 2018 Opening remarks The stability and integrity of our financial system should be of utmost important to everyone and the economy as a whole.