OCBC positive on repayment of SME loans in Singapore, but on the watch for Malaysia, Indonesia
OCBC is not seeing any cause for concern on the repayment of loans among small and medium-sized enterprises (SMEs) in Singapore even as Covid-19 relief measures get extended further, but it is "definitely watching" neighbouring countries Malaysia and Indonesia closely for signs of business distress, said a top OCBC executive.
Linus Goh, OCBC's head of global commercial banking, told The Business Times that repayment trends in Singapore have been "quite positive", with the numbers that are still under moratorium a "very small proportion of the SME base".
Those that need to have extensions beyond…
A NEWSLETTER FOR YOU
SGSME
Get updates on Singapore's SME community, along with profiles, news and tips.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Abu Dhabi returns to debt market with new US dollar bond
Ping An profit falls as market declines hurt investment returns
BOJ will hike rates if trend inflation accelerates, says Ueda
Binance’s rivals muscle in on Bitcoin trading around the world
Citi picks Amit Dhawan to head Singapore commercial bank operations
China finance ministry echoes Xi’s call for bond trading at PBOC