Economy Plus bankers: Corona forces banks to increase provisions .. Will profits be affected?Visits : 161

Economy Plus bankers: Corona forces banks to increase provisions .. Will profits be affected?

The levels of allocations in banks operating in the Egyptian market increased significantly during the current year 2020, where a significant increase was recorded compared to the same period in the previous year, in a number of banks, including, for example, the Cairo International Commercial Bank and the National Qatar.
These banks have made higher provisions after taking into account the expected credit losses from the negative economic impact of the Corona virus.