How the banking industry can survive virus pandemic

Kenya Bankers Association (KBA) chief executive Habil Olaka. FILE PHOTO | NMG

The world as we knew it is no longer, and the world that will be, is unknown to many. At the time of this publication, Covid-19 cases have surpassed 1.9 million globally with numerous countries in lockdown.

Consequently, we can no longer hide that the global economy is slowly coming to a halt. Banks and financial institutions, like other businesses, are concerned about how they will survive during this uncertain period.

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Note: The results are not exact but very close to the actual.