The implementation of the reform of the sector, and the creation of cooperative banking groups, must be swiftly carried out if the BCCs are to overcome the disadvantages of their small size and continue to support the local economy while upholding the values of cooperation and mutual benefit.
The groundwork for the establishment of cooperative banking groups must be laid more rapidly, with the affiliated institutions fully supporting their future parent companies. Business plans should be tailored to ensure that the objectives of the reform are achieved forthwith; these include openness to the capital market, robust corporate governance and internal audit arrangements, allocative and operational efficiency, and a reduction in NPLs.