Banking Sector Remains Viable Despite Coronavirus

Last updated on September 11th, 2021 at 08:11 am

The impact of the coronavirus has been felt by many sectors in the world particularly the financial sector, the banking sector in South Africa seems to be doing fineas they’ve posted a strong liquidity irrespective of the coronavirus.

The bank said while the more extensive effect of Covid-19 on the worldwide economy, disturbances to exchange and the likely thump on effect on Africa.

Standard Bank highlighted its solid capital and liquidity levels to ingest the effect.

“The gathering’s capital and liquidity levels stay solid. This positions us well to climate any extra disturbance and gives the monetary assets to keep on supporting our customers.