Singapore banks able to hold up against property correction: Fitch
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Singapore
THE property market correction in Singapore may place modest pressure on banking system loan quality but the three domestic banks - OCBC, DBS and UOB - should be able to withstand this, Fitch Ratings said in a report on Friday.
"Fitch expects Singaporean banks' potential losses from mortgages to be minimal due to relatively healthy household balance sheets and adequate collateralisation," the credit rating agency said.
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