In the context of the Covid-19 pandemic crisis, credit institutions are called upon to strengthen their role in financing the economy, noted the press release, adding that for this purpose, BAM has already adopted a set of monetary and prudential measures aimed at facilitating access to bank credit for the benefit of both households and businesses.

For the same purpose, it is important that credit institutions keep sufficient capital to face the crisis and preserve their ability to provide financing in these exceptional circumstances, the same source noted.

BAM will continue to monitor closely the implications of the health crisis on the national economy and the financial system and will take steps, if necessary, to address them, the statement added.