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COVID-19: implications for the GCC banking sector

COVID-19: implications for the GCC banking sector

An analysis of key implications and potential countermeasures

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covid-19-banking-implications-in-bahrain

The COVID-19 pandemic is having an unprecedented impact on financial markets globally, regionally and in Bahrain, with implications for operating models, employees, suppliers, customers and in turn financial results.

This coupled with the effects of drop in oil prices, creates a unique situation the industry is faced with today. While the government has taken a number of proactive and supportive measures to ensure that the

financial system and wider economy are protected, as far as possible, there are still implications that banks will inevitably face in the medium term.

For more detials, kindly download and read the full analysis.

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KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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