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The financial system remained resilient amid dampened domestic economic activity and the protracted correction in global financial markets. Asset growth at Deposit Taking Institutions (DTIs) was moderate. The system remained liquid and profitable, as entities continued to hold more capital than required by local regulatory or international guidelines, suggesting that the banking system as a whole is able to withstand various economic shocks. Moreover, commercial banks, which dominate deposit taking activity, are all affiliated with strong international or regional parent banks, which are all well capitalised.