We have also commenced the next batch of 11 banks and hope to conclude them by end of August, All in all, we expect to conclude the audit in mid-September. The Central Bank is requiring all banks to make appropriate provisioning for non-performing loans and disclose them.
Let me end by reminding you of a quote attributed to Mahatma Ghandi and which is highly relevant to my message, “the difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.” I thank you. BIS central bankers’ speeches  5