First, the Operating Context The Philippines is recognized among one of the fastest growing and most resilient economies in 1/5  BIS central bankers' speeches  the region and the world, enjoying a sweet spot of high growth and manageable inflation complemented by a strong and resilient financial system. GDP growth averaged 6.4 percent in the first semester of 2017.
I would therefore urge the banking sector to seek diversification of their products in light of the dynamic banking environment to leverage on their growth and earnings.