In these times of extraordinary turmoil, there is considerable pressure on banks’ balance sheets that demand immediate action to avoid long-term negative consequences. Debtors have been facing substantial losses. Increases in credit default swap spread are an indication that the market is at risk across businesses, financial services, and sovereigns. Despite all the uncertainties brought about by the pandemic, the banking industry remains more resilient now than the last financial crisis in 2008.
The Asian Banker assesses the industry across Asia, Middle East, and Africa regions to recognise efforts of players in different key markets. We will hold a virtual ceremony to announce the winners of the ‘Strongest banks based on balance sheet strength’. The ceremony will include a dialogue with senior executives who will discuss the challenges, insights and lessons from each player in meeting the financial and non-financial needs of corporate and financial institution (FI) customers during the pandemic.