On June 3, 2021, the MB approved the applications of (1) Tonik Digital Bank, Inc., for conversion of its rural banking license to a digital bank license, and (2) UNObank, Inc. for the establishment of a new digital bank. Then on July 15, 2021, the MB approved the application of Union Digital Bank, a wholly own subsidiary of UBP.
Turning to structural policies, the forthcoming mid-term review of the Lisbon agenda provides an opportunity to give renewed impetus to structural reform in the euro area, as called for by the recently published Kok Report. We strongly support a reform agenda which focuses on raising employment growth, fostering investment and stimulating innovation and productivity.