S'pore banks 'can absorb increasing risks'
S&P report notes that their Tier 1 capital ratios average 12-13 per cent, above the regulatory 8 per cent minimum
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE strong capital positions of the three Singapore banks will be a buffer against the higher number of soured loans expected when interest rates rise from their current low levels, a Standard & Poor's (S&P) analyst has said.
"Their capitalisation is quite high," said Mr Ivan Tan said on Tuesday; he added that their Tier 1 capital ratios averaged 12 to 13 per cent - well above the regulatory 8 per cent minimum.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
