Banks have benefited from COVID-19 fiscal, monetary policies – Okonkwo
Published 13 December 2020
Nnamdi Okonkwo, who retires as the Managing Director/Chief Executive Officer of Fidelity Bank, on December 31, spoke to business editors on sundry issues in the banking sector. EVEREST AMAEFULE was there
C
ontrary
to some negative ratings about Nigeria banks’ performance post-Covid-19, the results have been positive; how were you and others able to change the outcome?
The banking industry has been positively impacted by the fiscal and monetary actions taken by the government to accommodate the socioeconomic impact of the pandemic on the people and business landscape.
These include a forbearance programme, the easing of the monetary policy stance to promote a low interest regime, and the launch of the N2.3tn stimulus package under the Economic Sustainability Plan.