Banks, therefore, must position themselves to scale up their support for private sector-led growth. Page | 13  What Next for the Banking Industry after Recapitalisation? 26. Madam President, as we take stock of what has become a  very engaging past 18 months, allow me to share some perspectives on how we see developments in the banking sector in the coming year: 27.
These conditions have seen the mortgage arrears rate rise from 0.7 per cent to 1.8 per cent. This is a significant rise and associated with financial stress for a number of households. But it is still not that high given the economic circumstances.