COVID-19 has taken the world into a state of emergency. The economy is losing its balance and countless once solid entrepreneurs and companies are sent into a tailspin. The stock market has also gone mad, resulting in an urgent need for consulting among the many alarmed investors. Quick solutions and immediate support measures are now required. Governments have already reacted and put together comprehensive rescue packages that must now reach those businesses and freelancers who urgently need them.
Banks are now the safety net that will have to catch the economy in free fall. Although the full extent of the corona pandemic cannot yet be predicted, there is no time to lose in preventing the worst. It is therefore crucial for banks to reach out to their customers now and guide them through the difficult times with as little damage as possible. After all, the primary goal is to get the majority through this extreme situation and then return to a normal state. Whatever 'normal' may mean in the future.
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