If such factors are not addressed, it remains possible for commercial banks to incur large amount of non-performing assets. Furthermore, the enterprise reforms are conducive to strengthening budget discipline, which usually determine the ability of enterprises to repay their debts and thus directly affect NPL level at banks.
But the current lack of high-growth economies means that cross-country income differences that were already large prior to the crisis may also persist, or potentially even widen, in the future. Hysteresis if you wish.