While we see expansion across all SME size categories (Micro, Small and Medium), the recovery has been weakest for smaller, non-exporting SMEs. We observe similar patterns in the data on firm profitability.
But the firm also needs to be commended for being the first among the auditing firms to organize a Seminar on Basel II for our local banking industry and for the audit profession. First, a few words to set out the reasons for Basel II.