Singapore banks resilient despite O&G headwinds: Fitch
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Singapore
SINGAPORE banks' credit profiles should remain resilient despite the weaker operating environment, says Fitch Ratings.
In an Aug 9 commentary, the rating agency said that the second-quarter results of the three local banking groups - DBS Group, United Overseas Bank (UOB Bank) and Oversea-Chinese Banking Corporation (OCBC) - showed pressure on profitability and asset quality.
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