Home Стратегия Impact of Covid-19 on the banking sector

Impact of Covid-19 on the banking sector

The crisis caused by COVID-19 is showing its first impacts on the banking sector. In report assesses the impact on the sector of seven factors and its trends: monetary policy, digitalization, regulation, economic growth, new entrants, competitive landscape and government support.

Категория: Метки: ,

Описание

Key points:

  • A swift and coordinated response from monetary, fiscal and regulatory authorities has been key to address the consequences of the COVID-19 crisis. These measures (heterogeneous by countries) have supported credit growth and have mitigated the initial negative impact.
  • Early effects on the banking sector are mainly a decline in profitability, cost control, without signs of asset quality deterioration yet and sound capital and liquidity levels.
  • Four key features are identified for post COVID-19 winners in the banking industry: a) embrace digitalization; b) adapt to clients’ needs; c) increase efficiency; d) revenue diversification.

Детали

language

English

pages

34