Secondly, banking institutions adapted their own internal policies to provide for greater participation in the social upliftment programmes of the country, for example by entering into an agreement with Government to provide a minimum amount per year for low-cost housing.
On the other end of the spectrum, banks also introduced new electronic data processing systems, for example automated teller machines, and “smart card” facilities for a gradual introduction of electronic money. Thirdly, bank regulation and supervision underwent major changes over the past ten years to apply the world-wide supported directives of the Basle Committee.