In some instances, encouraging signs of dynamism have come from the creation of new banks based on innovative business models, with streamlined operational structures and limited costs, as well as advanced IT systems.
Elsewhere, traditional intermediaries, which have understood ahead of time the need to deliver sufficient efficiency gains to stay on the market, have adopted solid and far-sighted industrial plans, or have opted to scale up their operations through mergers and acquisitions. Even so, the number of small banks struggling to adapt to the changing external environment nonetheless remains significant.