Banks see stable outlook in next 2 years : vimarsana.com

Banks see stable outlook in next 2 years


SunStar
+
January 12, 2021
THE Cebu Bankers Club (CBC) foresees a relatively stable period for the industry for the next two years as it has put measures in place in anticipation of the effects of the Covid-19 pandemic.
Romeo Comabig, CBC president, told SunStar Cebu that the industry’s outlook remains relatively stable because banks have anticipated the movements in the money and capital markets in the next two years.
“With the coronavirus pandemic, banks are now calibrating their strategies to absorb loss from non-performing assets while at the same time maintaining public confidence by providing enough liquidity and funding for the next two years,” he said.

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