Banks readier than before for bad loans ahead: Credit Suisse

Singapore

AS interest rates pick up eventually, Singapore banks will be better able to handle an increase in number of bad loans than during the previous cycle, a Credit Suisse report said this week.

Most of the banks' growth in the last five years has been driven by less risky lending, and their mortgage books should be more resilient on the back of tougher regulations, said the brokerage.