The turbulence experienced in the banking sector therefore resulted in a consolidation of activities before a return to stability was achieved. At the end of June 2003, approximately 83 per cent of total deposits by the public landed in the vaults of the big four banks.
These changes have also made it more difficult to start new banks or for small banks to remain in business. This could affect the availability of operational capital for new entrepreneurs, which is highly essential for economic development. Small banks are often more willing than bigger banks to finance high-risk ventures because they are more versatile and can more easily target niche markets.