SUBSCRIBERS
Banks readier than before for bad loans ahead: Credit Suisse
Published Thu, Jun 25, 2015 · 09:50 PM
Singapore
AS interest rates pick up eventually, Singapore banks will be better able to handle an increase in number of bad loans than during the previous cycle, a Credit Suisse report said this week.
Most of the banks' growth in the last five years has been driven by less risky lending, and their mortgage books should be more resilient on the back of tougher regulations, said the brokerage.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly