Business Correspondent, CNN
Covid-19: Banks in the eye of the storm
The Covid-19 crisis could lead to anywhere from a 23% to 33% drop in African banking revenues in 2020. With central banks multiplying the number of rescue plans, lenders are expected to drive the private sector’s economic recovery. However, with potential payment defaults, financial institutions are finding themselves compelled to tighten their management and reassess their risks. As the fourth industrial revolution and access to the banking system in Africa accelerate, such institutions’ response to the crisis and capacity to reform will be key to future success. How can these risks be mitigated in such uncertain times? What role will African banks play in thwarting the effects of the crisis?
- Covid-19: how specific is this economic crisis?
- Asset diversification, regional expansions, market withdrawals…how are banks narrowing their losses?
- Managing risk in future transactions and stimulating the economy: finding the right balance
This webinar is part of a series of sectoral webinars, “African champions: dealing with the Covid-19 crisis”, devoted to business leaders operating in Africa, brought to you by the AFRICA CEO FORUM and its sponsors.
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Who should attend?
This webinar is primarily intended for CEOs, members of executive committees, legal directors and financial directors of large African companies.
The African Export-Import Bank is a pan-African multilateral financial institution devoted to financing and promoting intra and extra-African trade. Established in 1993 by African governments, African private and institutional investors, and non-African investors, it has approved over $67 billion in credit facilities for African businesses. It is rated A- (GCR), Baa1 (Moody’s), BBB- (Fitch).
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