Improvement in the conditions on the wholesale funding market could facilitate early repayment of the remaining amounts. The tensions affecting credit supply stem above all from the increasing incidence of nonperforming loans in banks’ balance sheets and from their worsening perception of borrowers’ creditworthiness.
The traditional problems of moral hazard and adverse selection that hinder financial sector growth have been minimized. Ladies and Gentlemen: These innovations have seen our financial sector experience transformation as evidenced by the following outcomes:   Exponential growth of bank branches from 740 in 2007 to 1,072 in April 2011.