11 Analogous questions arise with regard to the many hard-hit small businesses that were sustained early in the crisis by PPP loans, whose finances are becoming increasingly strained as revenue shortfalls persist.
To achieve the next stage of capitalization therefore, domestic banks have to seriously consider their options and consolidate their positions through mergers or open up for acquisitions. These will be necessary to enhance their competitiveness and thereby improve their ability to participate in high value transactions. Mr Chairman, most of our banks rely on ICT Platforms for the delivery of financial services.