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Banks committed to helping clients steer through Covid storm
Customers at a banking hall in Nairobi. FILE PHOTO | NMG
The Covid-19 pandemic has put a spotlight on the reaction of all economic actors as the economy navigates the unprecedented nature of its adverse effects. The two aspects of the reaction that buttress the assessment of its appropriateness are the speed of response and the sense of responsibility.
With banks being a critical cog in the economy’s wheel, their collective endeavour is to make sure that under the current challenging circumstances there is minimised disruption. Even at this early stage, it is evident that the banking industry has demonstrated leadership on the two ‘Rs’ of response and responsibility.