Concurrently, customer deposits have been gradually increasing. However, the ratio of Non-Performing Exposures (NPEs) to total exposures remains quite elevated and constitutes the most significant challenge for the Greek banking sector. Banks have set operational targets to significantly reduce the stock of NPEs by end-2019.
The importance of technology is undeniable today, as evidenced by the ongoing COVID19 pandemic, and there is no doubt that the increasing pace of digital transformation globally will continue. Seychelles is no exception to this trend, where there is a renewed focus on modernising the economy - an endeavour which is synonymous with innovation.