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Feeling the squeeze

Feeling the squeeze

2020 Bank profit margins expected to squeeze

Commercial banks margins are expected to squeeze in the next financial period due to the economic effects of Covid-19.

Listed lender, Standard Chartered Bank Botswana's Managing Director, Mpho Masupe, in a statement accompanying the bank’s financial results for the year ended December 31, 2019, noted that new challenges are emerging bought about by the Covid-19 scourge.

“The spread of the Coronavirus has been described as an epidemic, crossing over from the epicentre in China to Europe, East Asia, America and now Africa in a matter of week...

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