Open AccessTHE IMPACT OF THE COVID-19 PANDEMIC ON THE PROFITABILITY OF LARGE COMMERICAL BANKS IN THE REPUBLIC OF NORTH MACEDONIA
Author(s) -
Fitim Deari,
AUTHOR_ID
Publication year - 2021
Publication title -
bulletin of the "transilvania" university of braşov. series v, economic sciences
Language(s) - English
Resource type - Journals
eISSN - 2065-2208
pISSN - 2065-2194
DOI - 10.31926/but.es.2021.14.63.2.9
Subject(s) - profitability index , pandemic , covid-19 , business , finance , medicine , virology , disease , pathology , outbreak , infectious disease (medical specialty)
The purpose of this study is to investigate the impact of the current Covid-19 pandemic on profitability ratios of large commercial banks in the Republic of North Macedonia. By using data over the period 2004 – 2020, ten profitability indicators are examined. These indicators are investigated by comparing their values before and during the Covid-19 pandemic. Overall, the study reveals a preliminary evidence that large commercial banks are affected by the Covid-19 pandemic. So far, profitability of large banks has not changed significantly due to Covid-19 and they keep satisfactory profitability levels. However, this impact should be investigated furthermore in next studies because the current pandemic has long-term effects.