In dollar terms the value of NFL has not fallen substantially – it stood at $ billion in March 2009, and at $ billion in March 2017. But relative to GDP, over the same period, NFL fell by 25 percentage points, from nearly 85 percent to just below 60 percent. How does this improvement compare to other countries?
For thrift banks, let me once again encourage you to focus on MSMEs even though in many respects the label of “SME” is itself a simplification of complex requirements from evolving clients. Going back to the convention theme, I felt it was necessary to ask the difficult question: What do all these mean for your public, your customers, your clients?