We are also designing a program with PDIC to encourage mergers and acquisitions through targeted financial incentives to would-be “white knights” of rural banks. Ladies and gentlemen. The rural banking sector has stood up well to the difficult challenges of the past. Now, I look forward with optimism to the future of our rural banks.
While I am sure rural banks will be facing new challenges moving forward, I am heartened by the fact that we are on the same page insofar as the need, and the wisdom, of adhering to good governance principles; of implementing appropriate policies for credit and liquidity risks management; and of working on having stronger capital positions.