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As virus relief unwinds, banks face uncertain trek with 'zombie firms'

Borrowings under debt holiday still accounted for by banks as performing loans; some firms to be structurally impaired

Maybank-Kim Eng estimates about 12-16% of total loans are under moratorium and other relief schemes from the local banks.


WITH authorities sending a fresh signal that relief in the form of debt moratoria will have to start being unwound, analysts say it would be a stab in the dark to assess the full impact of such unprecedented Covid-19 relief on Singapore banks' earnings.

This comes as some...

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