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
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Singapore
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 "zombie companies" are likely hanging on merely by the government's relief support.
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