The strong interconnection between the banking and the investment funds sectors, as well as the insurance sector, could amplify risks and influence investors’ decisions. In some countries, in the face of a reduction in uncovered deposits with banks, monetary market funds have recently registered a large inflow of funds.
Let me take this opportunity to urge the Board, Management and Staff of the Bank not to relax in dealing with the many challenges that the Bank faces; particularly in spearheading bank penetration into the rural unbanked population. The Bank must improve further its strategies for nurturing the existing customer base as well as for attracting new ones and growing its book.