The Impact of COVID-19 Pandemic on Banks’ Profitability: Evidence from North Macedonia

Spaseska, Tatjana and Odzaklieska, Dragica and Hristoski, Ilija and Risteska-Jankuloska, Aneta and Risteska, Fanka (2022) The Impact of COVID-19 Pandemic on Banks’ Profitability: Evidence from North Macedonia. Proceedings of the XVII International Balkan and Near Eastern Social Sciences Congress Series on Economics, Business and Management (IBANESS). pp. 227-233.

Text ibaness_plovdiv_proceedings_pp_227-233.pdf Download (1MB)

Abstract

The COVID-19 pandemic caused economic disruptions across the world, including financial markets and institutions in all imaginable dimensions. Although indirectly, the banks were also under pressure, since the banking sector has a crucial role in supporting firms and households during the period of lower revenues and incomes. In this regard, the main objective of this paper is to examine the impact of the COVID-19 pandemic on banks’ profitability in North Macedonia. To reach this goal, data for financial stability reports and the reports on the risks in the banking system in the Republic of North Macedonia was used. The findings of our research have shown that the Macedonian banks faced many challenges during the prolonged COVID-19 crisis, but the banking sector maintained stability and solvency, even they supported the firms and individuals to alleviate the consequences of the crisis and achieved higher profits compared to the previous period.

Item Type:	Article
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Faculty of Economics
Depositing User:	Prof. Dr. Ilija Hristoski
Date Deposited:	26 Dec 2022 08:44
Last Modified:	26 Dec 2022 08:44
URI:	https://eprints.uklo.edu.mk/id/eprint/7495

Actions (login required)

View Item