In the 20 minutes I have been allocated, I would like to talk about a few recently discussed scenarios on the future of banking and then – from the perspective of a central bank and a supervisory authority – offer a somewhat more conservative perspective. 2. Can we know where things are heading?
At the moment, commercial banks lend to large and well-run enterprises as a way to improve asset quality and reduce NPLs. There is nothing wrong with this approach. However, once large and well-run enterprises has a preference for bond market, commercial banks will get the signal, divert more of their resources to study SMEs financing and establish a SMEs department.