Major financial institutions must quickly become competitive in the international financial market, and regional financial institutions should provide new financial services to small firms which undertake or develop new businesses that contribute to the development of local economies. Having said this, it is true that the NPL problem is still formidable.
As I have indicated previously, I believe we may have seen the bottom on the productivity slowdown, but how much of the recent welcome uptick in productivity growth can be sustained or extended is hard to judge at this point. It will depend in part on how much business investment spending adds to the stock of capital in the economy.