Singapore banks face scrutiny on asset quality at upcoming Q2 results
As companies struggle to cope with virus fallout, potential loan default risk from SMEs may weigh on earnings
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Singapore
MOUNTING concerns over asset quality are likely to take centre stage at the upcoming quarterly results of Singapore's banking trio as companies brace for a prolonged crisis.
With businesses facing a triple whammy of lockdowns, a deep recession and the gradual unwinding of relief support measures, analysts say there is already potential loan default risk from virus-battered small and medium-sized enterprises (SMEs) that will, in turn, weigh on banks' earnings in the second quarter.
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