The news of effective Covid-19 vaccines has raised hope that the world could soon return to some semblance of normal life. However, the economic impact of the pandemic will continue to be felt strongly throughout 2021 and the global banking sector faces numerous challenges.
The Banker has polled a select panel of industry experts to discuss the outlook for the banking industry in 2021. Participants discuss how banks can manage an inevitable increase in loan losses, the measures they can prioritise to best support the economies in which they operate, the lasting effects the pandemic may have on banking business models, and where opportunities could arise.
