Banking through the crisis: A test of speed, personalisation and purpose

Local banks must seize the opportunity presented by emerging Asian countries: McKinsey

Kelly Ng

Published Mon, Jan 11, 2021 · 05:50 AM

Banks

Singapore

PRODUCTIVITY and capital management will get most banks through the Covid-19 crisis. But if they are to thrive in a long winter of anaemic interest rates and economic challenges, they will need agility, new business models and an emphasis on environmental, social and governance (ESG) considerations.

That was the verdict of McKinsey analysts in an annual review of the global banking industry.