Banking Is Part of the Solution

Summary

The last weekend of March saw the Spanish Government make the isolation measures in the country more restrictive, bringing a halt to all non-essential activity in the fight against the COVID-19 pandemic. Activities considered essential include those carried out by financial services companies, including banks.

Key points

• Key points:
• Against a backdrop where the majority of economic activity is paralyzed, banking services are growing in importance.
• Banks were not at the root of this crisis, but are part of the solution, and the recovery will be faster if they remain able to finance the economy.

Geographies

Topics

Tags