The Impact of COVID-19 Spread on the Egyptian Banks’ Soundness | ||||
| Journal of Advances in Economics and Business Studies | ||||
| Volume 1, Issue 1, October 2024, Page 70-80 PDF (434.34 K) | ||||
| Document Type: Original Article | ||||
| DOI: 10.21608/jaebs.2024.386333 | ||||
 View on SCiNiTO | ||||
| Authors | ||||
| Ihab Raouf Petro1; Seif Eldin Hossam2; Mazen Walid2; Ziad Hassanin2; Salma Sherif2; Mennatullah Hany2 | ||||
| 1Finance Department, Faculty of Economics and International Trade | ||||
| 2Faculty of Economics and International Trade, Egyptian Chinese University ECU, Cairo, Egypt | ||||
| Abstract | ||||
| The aim of the research is to examine the impact of COVID-19 spread on banks’ performance during the period of Jan 1st, 2020, till December 31st, 2021. Banks’ performances are measured using CAMEL approach quarterly data, COVID-19 spread has been measured by ln of (new cases, cumulative new cases, new deaths, and cumulative deaths) / Egypt’s population / one million. This has been applied on 5 top Egyptian banks ranked as total assets highest value. Data collected from banks’ annual, and quarter published reports, and World Health Organization COVID-19 database. Results indicate that banks performance of top 5 Egyptian banks were negatively affected by Coronavirus new cases and Coronavirus cumulative cases shows more significant effect rather than Coronavirus new deaths, and cumulative deaths. Results supported using panel analysis according to GMM technique using normal and fixed effect models, least-Square normal and fixed effect for the whole research period and sub periods. | ||||
| Keywords | ||||
| COVID-19 spread; Bank Performance; CAMEL approach; Egyptian Banks; Panel data; GMM Technique; Least Square | ||||
|
Statistics Article View: 112 PDF Download: 153 |
||||
