SUBSCRIBERS

Moody's: UOB, OCBC face further squeeze on asset quality

Ratings agency says this in report on the two Singapore banks' H1 results; DBS results due before market opens on Aug 8

Published Mon, Aug 1, 2016 · 09:50 PM

Singapore

THE first-half financial results of Oversea-Chinese Banking Corp (OCBC Bank) and United Overseas Bank (UOB) show further weakening in their asset quality and profitability, says ratings agency Moody's. And this reflects the persistent challenges they face and underpins the negative outlook on their credit ratings.

But, said Moody's in a …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes