The legislation envisages that we encourage merger of deposit taking institutions among themselves or with banks or even their conversion as banks. The contribution of financial intermediation in the GDP of Mauritius has been growing steadily and has gone up from 10.3 per cent in 2005 to 10.5 per cent in 2007. It is forecast to be about 10.8 per cent in 2008.
While the specific contribution of leasing is not captured in the data, it is important that leasing also plays a significant role. What is heartening though is that the outstanding lease assets have been growing at a rate of 10 per cent or more over the last five years.