The forthcoming launch of the SEPA direct debit (SDD) scheme, the expected use of the SCT and SDD by public authorities and corporates and the definition of an enddate are all elements that will further boost SCT migration.
Determining interest rate following market principles will enable the lending institutions to better cover their risks and thus to improve their credit services to the small and medium-sized clients. Fifth, as Mayor Wang just mentioned, great efforts should be made to more effectively promote micro credit business.