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BANK EARNINGS

Local banks show their resilience

They post better-than-expected profits in Q3 despite deteriorating economy and sharply higher bad loan provisions

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The third-quarter results of the three local banks showed some things in common - they continued to defy predictions by posting better-than-expected profits despite sharply higher bad loan provisions.

Singapore

THE third-quarter results of the three local banks showed some things in common - they continued to defy predictions by posting better-than-expected profits despite sharply higher bad loan provisions.

And amid slower economic growth, loans didn't shrink all that much; in

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