On the liability side of the balance sheet, banks and other depositories may be facing unusual uncertainties about the future behavior of non-interest-bearing and low-interest deposits. As you are well aware, these types of deposits help boost the net interest income of depository institutions.
By "real convergence", I mean the broad adjustment through structural reforms and economic development of the economies towards structures prevailing in the EU. This requires, inter alia, the completion of the market economy transition agenda, further privatisation in some sectors, and the strengthening of the institutional and legal framework.