IMPACT OF COVID-19 ON THE PERFORMANCE OF BANKING SECTOR AND THE SET OF MEASURES UNDERTAKEN IN THE REPUBLIC OF NORTH MACEDONIA
Journal
Economic Development
Date Issued
2023-04
Author(s)
Zafirova, Angela
DOI
10.55302/ed23251-2037z
Abstract
The current crisis caused by Covid-19 pandemic has dam
aged the global economy, causing significant changes to every aspect of the
global banking system, and Republic of North Macedonia is no exception.
Since the banks are the main source of liquidity insurance for economies and
they perform a very important intermediation role it is very important to study
the impact of Covid-19 pandemic on the performance of the banking sector in
the RNM. Because of that, the first aim of this paper is to analyze the defense
function though a set of measures constructed in a direction of the support of
the banking sector in the Republic of North Macedonia. The second aim of this
paper is to analyze the impact on the banking sector in the Republic of North
Macedonia caused by the Covid-19 pandemic. From the results obtained, we
concluded that although the banks in the RNM faced a lot of challenges caused
by the Covid-19 pandemic, they managed to maintain their profitability and
stability and even to contribute in the process of mitigation of the consequenc
es of the pandemic in the RNM.
aged the global economy, causing significant changes to every aspect of the
global banking system, and Republic of North Macedonia is no exception.
Since the banks are the main source of liquidity insurance for economies and
they perform a very important intermediation role it is very important to study
the impact of Covid-19 pandemic on the performance of the banking sector in
the RNM. Because of that, the first aim of this paper is to analyze the defense
function though a set of measures constructed in a direction of the support of
the banking sector in the Republic of North Macedonia. The second aim of this
paper is to analyze the impact on the banking sector in the Republic of North
Macedonia caused by the Covid-19 pandemic. From the results obtained, we
concluded that although the banks in the RNM faced a lot of challenges caused
by the Covid-19 pandemic, they managed to maintain their profitability and
stability and even to contribute in the process of mitigation of the consequenc
es of the pandemic in the RNM.
File(s)![Thumbnail Image]()
Loading...
Name
IMPACT-OF-COVID-19-ON-THE-PERFORMANCE-OF-BANKING-from-ED-year-26-no-1-2-2023-v.2-6.pdf
Size
595.15 KB
Format
Adobe PDF
Checksum
(MD5):486ec0d3414935b62fea6f1f17af4536