The outlook for the banking industry in 2021 is shaped by persistent and significant risks to asset quality and profitability as the start of COVID-19 vaccination may not ensure even and sustained economic recovery. Meanwhile, how are the balance sheets of banks in Asia Pacific, the Middle East and Africa affected by the pandemic? The 2020 Asian Banker 500 annual ranking of the largest and strongest banks has incorporated the latest financial data to reflect the impact of the pandemic on banks financial performance during the course of the crisis.
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