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greater access to loan facilities. The banking sector has also played a crucial role in distributing various
governments fiscal packages.
COVID-19 pandemic crisis will also be a test to banks running digital transformation programmes as
digital interactions become the primary option for client The high demand of digital assets will be a
challenge for banks . Banks must keep offering services and products to stay alive , without branches this
will be a big challenge
Fraudsters are becoming more sophisticated and are taking advantage of this situation (Cyber and AML
are a realthreat.
short-term
long-term
systemic risks
Support for differentiated financial services for pandemic prevention and control is needed,
with increased credit support. Medium-to-small enterprises need to be supported through
special credit lines, reduced interest rates on loans, deferred repayments, and establishment of
long-term credit systems. Digital transformation needs to take place at a faster rate to improve
intelligent risk control systems.
Banks sit at the heart of the economy and provide funding to corporates and individuals. Their
stability is crucial to keep the system up and running.
Tens of thousands of consumers are now being placed under quarantine or lockdown. As a
result, they might lose their ability to pay for credit, particularly mortgages.
The banking sector should remain resilient to the COVID-19 shock under most reasonable shock
scenarios, reflecting the strong capital and liquidity positions of the majority of banks,” the SBP
said in the financial stability review 2019 report. The SBP said financial sector stability started to
improve towards the end of last year after some strains due to sluggish growth during the early
part of the year.
Credit Management
Extend credit
Revenue Compression