Singapore banks can fend off challenges to asset quality, says S&P
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE financial strength of Singapore banks will be tested this year as asset quality deteriorates and non-performing loans (NPLs) edge up, Standard & Poor's (S&P) said in a report released on Wednesday.
But the credit rating agency believes that the three well-capitalised banks have sufficiently solid financial profiles to endure the difficulties and maintains "AA-" long-term issuer credit rating on all three banks.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
