Measuring the Impact of the Corona pandemic on bank credit in the Kingdom of Bahrain

Abstract

The Coronavirus (COVID-19) pandemic is a disease caused by the new Coronavirus, whose symptoms began to appear in China in December 2019. The World Health Organization has classified COVID-19 as a severe pandemic, and some cases of the disease have caused deaths. The new coronavirus can spread from person to person. For this reason, countries closed their airports, stores, and places of economic importance, which led to the fall of some countries from the economic point of view due to the pandemic and the complete closure of the country. The current research examines the impact of the Corona pandemic on the performance of bank credit in the Kingdom of Bahrain in a sample of banks in the Kingdom of Bahrain, which are three conventional banks and three Islamic banks. The research was based on the financial reports for the third quarter of the year 2020. A person from the selected banks in order to reach the desired results. The method used in the research is a descriptive and analytical approach. The research found results, the most important of which is that some banks in the Kingdom of Bahrain suffered a severe loss by comparing their financial reports in September of 2019 before the Corona pandemic with September of 2020 in the Corona pandemic. The questionnaire demonstrated a decrease in bank credit to banks by customers from a month ago, March to September of 2020.