Singapore banks ending year with 15-20% stock price fall
But lenders seen having built business buffers; China, commodity exposure fears also said to be overblown
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Singapore
SINGAPORE banks are set to close 2015 with their shares down 15-20 per cent from the start of the year, as concerns of slow growth in the Republic and the region outweigh hopes of gains from higher interest rates and fee income.
One indicator is bank lending in Singapore. The latest figures available for October showed bank lending had fallen from the previous month, dragged by weaker business loans across most segments. This is the second - and a deeper - contraction following off September, preliminary data from the Monetary Authority of Singapore showed.
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