BANKERS’ PERCEPTION ON THE IMPACT OF COVID-19 IN THE BANKING SECTOR
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Date
2020-05-20
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Publisher
Center for Banking and Financial Services Research
Abstract
The presentation offers results from an online survey of 127 Bankers on the Impact of COVID-19 in the banking sector in Tanzania. The respondents indicated that COVID-19 might have a long term impact to businesses and the economy. Mostly affected sectors being tourism, hotel and restaurants. Banking profitability, foreign exchange exposure, new savings and risks profile of current investments likely to be affected. Intervention by Central bank on policies related, special minimum reserve, liquidity support, revision of net open position is highly recommended.
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Keywords
Banks/Banking,COVID-19, Employees