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Singapore banks' South, S-E Asia exposure carries risk

New Fitch Ratings report says finding is not surprising as these regions felt more volatility than other regions in the past decade

Tue, Sep 24, 2019 - 5:50 AM

Vivienne Tayvtay@sph.com.sg@VivienneTayBT

Fitch regards the overseas operating environments of the three major local banks to be of higher risk than that of Singapore.

BT FILE PHOTO

Singapore

WHEN it comes to risks from markets outside Singapore, the Republic's three major banks DBS, UOB and OCBC experienced more asset-quality issues in South and South-east Asia. This is compared with other regions like China or the rest of the world, a new Fitch Ratings report has...

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