As we gather here today, the digital revolution is fundamentally reshaping the financial inclusion landscape and traditional financial value chains. Rapid digital innovations in financial technologies have led to the emergence of new market players and more dynamic business models. Given this backdrop, what does your theme “Going Back to Basics” mean to the Philippine microfinance industry?
With appropriate capital structures, shareholders in financial institutions should be able to expect a reasonable, risk-adjusted, return – remembering that banking is a leveraged business and that when things go wrong the shareholders’ return can quickly become a large negative.