Post-COVID-19 : The decisive role of banks in relation to debt

October 19, 2020

The sudden and unexpected emergence of the COVID-19 pandemic has placed those who have borrowed (both individuals and corporates) in a very delicate position, especially the economic operators and salaried individuals whose income are closely dependent on the reopening of our borders. It is also a very challenging situation for the banks themselves as a whole cross-section of their clients that are normally regular in their debt servicing are suddenly faced with a massive reduction of income. Shehryar Ali, Head of Retail Banking at Bank One, explains how the Bank is managing the disastrous effects of COVID-19 on its clients financial situation and helping them find the best solution for their individual circumstances.

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