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Study on the Financial Performance of BT, BRD and Alpha Banks. Impact of the COVID-19

Author

Listed:
  • Ioana LAZARESCU

    (Dunarea de Jos University of Galati, Romania)

  • Viorica IOAN

    (Dunarea de Jos University of Galati, Romania)

  • Sorina PADURARU

    (Dunarea de Jos University of Galati, Romania)

Abstract

In this paper, the financial performance of BT, BRD, and Alpha Bank was analyzed. The study was done for 2017-2021, and five indicators reflecting the performance of the three banks before and during the COVID-19 pandemic were analyzed. The pandemic unexpectedly impacted the banking sector, which immediately acted on rates and deposits. The COVID-19 pandemic affected the incomes of consumers and businesses around the world. The banking sector's stability was and is a hot topic in the practical sphere. Given the particularities of banking, the sustainability of the banking sector is continuously exposed to exogenous and endogenous risks. The COVID-19 pandemic is the most threatening factor to the banking sector's stability, regardless of the country of origin. This paper shows how the covid-19 pandemic has affected the financial performance of the banks analyzed. Finally, proposals were made to overcome this crisis and achieve growth based on sustainable banking products.

Suggested Citation

  • Ioana LAZARESCU & Viorica IOAN & Sorina PADURARU, 2022. "Study on the Financial Performance of BT, BRD and Alpha Banks. Impact of the COVID-19," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 108-113.
    • Handle: RePEc:ddj:fseeai:y:2022:i:2:p:108-113
    DOI: 10.35219/eai15840409274
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