It is well capitalized with no indication of direct exposure to distressed financial institutions or toxic financial assets in other parts of the world. The banking sector has grown and diversified, with 21 commercial banks now offering a wide-range of financial products. The non-bank financial institutions and microfinance companies have also continued to expand their products and operations to the countryside.
Conclusions The current global financial crisis is largely attributable to the mismanagement of financial institutions in developed economies, weak financial regulation, and to macroeconomic policies in the industrialised economies which contributed to large global macroeconomic imbalances.