Here’s how ASX 200 bank shares have performed in 2020 so far

The ASX banking sector, and ASX bank shares by extension, are implicitly the cornerstone of the S&P/ASX 200 Index (ASX: XJO) Not only do the big four ASX banks make up close to a fifth of the overall ASX 200 by weighting, but the banks are also some of the most-held shares in the retail investor community.

Investors have long been attracted to the banks for their strong, often iconic brands, formidable position in their respective markets, and (of course) a reputation for hefty, fully franked dividend payments.

But 2020 has brought its own unique challenges to the banking sector, which has been evident in the banks’ share price performance over 2020 so far. So let’s have a look at how the ASX bank shares have come through 2020….