Stability, which until the mid-1960s our country had proved capable of delivering together with strong development; Europe, which had been uppermost in our hearts and minds since the end of the Second World War’. 16 22.
The solvency position of the sector improved on the back of the recapitalization of the banking sector and orderly resolution of distressed institutions. As a result, the capital adequacy ratio of the banking sector, which deteriorated into the worst category by June 2017, significantly improved to above 20 percent in March 2019. 7.