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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In this article:BoB, Covid-19, De Beers, Mpho Masupe, Standard Chartered Bank Botswana, Voice Money
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