INTRODUCTION

Rationale of the Study

Coronavirus disease 2019 (Covid 19) crisis is the most serious challenge in the bank

sectors. The year has been under the effects of pandemic and there is no indication, when it will

stop. It is proven by the banks to be not part of the problem but part of the solution. Bank sectors

are proven to be adaptable and most of them today must follow stricter capital and liquidity

requirements. Despite of this, it is seen that the banks are under the threat of cyber and financial

crimes. The lockdown situation over the Philippines become the catalyst for the rampant of the

use of digital banking services, which are prone to the threat of criminal and financial crime

activities. Also, Coronavirus disease 2019 may increases the reserves for bad loans due to the

weakness of the economy. In relation to that, It is very difficult to make a profitable loans due to

a low current interest rate.

The mentioned scenario spurred the interest of the researchers to determine the

relationship of coronavirus disease 2019 to the bank sectors in the Philippines. The study seeks

to foster an understanding of how coronavirus disease 2019 affects the bank sectors in the

Philippines. Where the influences are negative, it will serve as an aid and enlightenment to

mitigate the coronavirus disease 2019 crisis to the bank sectors in the Philippines.