That brings us to the challenge for bank managers to come up with a sustainable business model for Greek banks. In the midst of the crisis, Greek banks were obliged to reduce substantially their international operations as well as non-core domestic activities, as part of their restructuring plans agreed with DG Competition in the context of State aid support approval.
We will have the distinct privilege of the great reveal in a while. It’s quite exciting. Nevertheless, as I look around this room, I can see many agile leaders of Philippine commerce, banking and finance whose swift and responsive initiatives have contributed to shaping the business environment into the robust and thriving one it is today.