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Banking Resilience Amid COVID-19 by József Patai is a document available to read on EtoBox.

What is Banking Resilience Amid COVID-19 about?

This document discusses the impact of the COVID-19 pandemic on the global banking industry. It finds that while banks entered the crisis well-capitalized, the pandemic will present major challenges. In the first half of 2020, banks significantly increased loan loss provisions. The report expects a "deep freeze and gradual thaw" - with severe credit losses occurring through late 2021 as government support ends. It forecasts that industry revenues and returns on equity will decline substantially through 2024,

Author

József Patai

Language

EN