Question: Concerning TARGET, you spoke about human errors in dealing with this, and I would like to know if you can be more specific about in which countries did these errors happen, in what areas of euroland did they happen.
Meanwhile, banks’ non-performing loan coverage ratio decreased to 87.3 percent as of end-February 2021, from 91.2 percent a year ago. On profitability, banks recorded positive bottom line in spite of higher provisioning. Net income of the banking industry dropped by 32.8 percent year-on-year to Php155.0 billion for the year-ended December 2020.