The fragile balancing act of African banks during the COVID-19 crisis

The fragile balancing act of African banks during the COVID-19 crisis

Faced with the risk of extreme impoverishment and disintegration of the fabric of SMEs, banks are stepping up to the plate while at the same time trying to protect themselves.

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            ▪ The fragile balancing act of African banks during the COVID-19 crisis

▪ Faced with the risk of extreme impoverishment and disintegration of the fabric of SMEs, banks are stepping up to the plate while at the same time trying to protect themselves.

https://www.africabusinessplus.com/en/807157/the-fragile-balancing-act-of-african-banks-during-the-covid-19-crisis/

Continue to provide loans and limit the damage—this was the mantra for 2020 and remains relevant as fears persist about African economies almost a year later. The vitality of SMEs, the central engine of continental wealth, is a priority, along with the issue of financial inclusion for regional banking groups (BMCE, Afriland, Ecobank, etc.) and international ones (BNP, SocGen, Standard, Citi).

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