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
Add BT as a preferred source
Vivienne Tay
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 found.
The global credit rating agency on Monday added that this is "not surprising" as these regions felt more volatility than other regions in the past decade. This included a fallout in the oil and gas sector which saw banks' loan quality taking a step back in 2015 to 2017.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
