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
Add BT as a preferred source
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.
TRENDING NOW
CICT’s S$3.9 billion Paragon buy draws scrutiny over timing, funding at EGM
Indonesia authorities question Maybank staff over Salim Group palm oil export flows: sources
Singapore court targets BigPay, Teleport stakes in blow to Tony Fernandes-led Capital A
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
