It is vital to understand that financial innovation is not an objective in itself but a process and has to cater to the products to the felt need of the market in particular and wider economy in general without compromising on financial stability.
We applied strict guidelines to reduce financial system exposure to the public sector. Consequently, in the past years the share of credit to the government in total assets decreased by 20 percentage points, fast reversing the crowding-out process of credit to households and firms.