The People’s Own Savings Bank has made swift inroads into the digital space during the past year to date which could result in a major shake-up of the banking sector as the State-owned bank catches up with industry competitors.
With a potential partial privatisation deal hanging over its head, the financial institution could be set for a recapitalisation program that could grow its customer market share from the current nine percent.
The bank has recently been remodelling its business around digital transformation in line with market needs.