“Reconciliation will come but the road to reconciliation from the freedom fight that the government is having against the banking sector will be much longer and bumpier than I anticipated a couple of years ago,” Patai said.

Patai does not believe that household lending will grow until 2017, but said he does “believe corporate lending will grow by a few percent this year already and also next year.” He also noted that the banking sector as a whole will make a modest profit for the first time in several years.