COVID-19’s impact on the retail banking sector

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Retail Banking

Carly Price

Carly Price

Head of Marketing

Croud


The first few weeks of the pandemic saw significant market value decreases in the banking industry, with many short-term revenue impacts expected:

Lower net interest margins
Emergency cuts to interest rates reduced core banking profitability.

Drop in payments revenue
With large declines expected in areas such as cross-border payments.

Increased pressure on credit management
Many consumers and businesses will face short-term cash flow constraints, and will seek credit as a result.

Croud have produced a whitepaper looking specifically at the impacts of COVID-19 on the retail banking sector. Download it here: Croud Retail Banking Whitepaper



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