Steady Q3 forecast for Singapore banks with asset quality in check

Singapore

EVEN as tighter virus containment measures resurface, Singapore banks' third-quarter results are likely to reflect benign asset quality, declining credit costs and stable loan growth.

Uneven recovery across the region could bump up loan moratoriums in countries such as Malaysia and Indonesia, but risks are likely to be manageable due to ample general provision buffers in place, said DBS analyst Lim Rui Wen in a research note.