With their specialization and focussed service rendering, they are able to offer that chosen service at greatest efficiency, speed and at very affordable cost to the consumers. This has stumbled the growth of banks today and has every potential to lead to de-growth and ultimately the decimation of banks in future. 23. As we know, unconventional policies are rampant in the world.
We remain confident that despite the recent surge in cases, the government’s vaccination program will take shape as planned, and the economy can take off significantly toward the end of the year. The Banking System The Philippine banking system remains strong and well capitalized. We’ve learned our lessons from the Asian Financial Crisis.