Author(s): Ibrahem Mohamed Ali, Aymen Raheem Abdulaali Almayyahi, Ali Khazaal Jabbar
This study aims at assessing how Covid-19 has affected the sustainability of financial institutions in Asia and Europe through assessing their sustainability during and before the outbreak of this pandemic. The study targets different financial institutions and especially banks in both Asia and Europe that have been forced to change their ways of doing this to ensure their sustainability during this pandemic. This is because the sustainability of the financial institutions across the world is threatened by the probability that there will be a very steady increase in the number of non-performing loans from the high levels of eleven percent in the year 2019. Additionally, banks fear that borrowers across different business scales and sectors are likely to be affected as decreases in revenue and income implies that they will not have the ability to meet their loan obligations. As a result, individual institutions will remain susceptible to failure.