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S'pore banks able to withstand a sharp property fall: Fitch

Potential earnings impact manageable due to a proactive regulator and measures introduced to curb excessive debt

Published Tue, Aug 30, 2016 · 09:50 PM

Singapore

SINGAPORE banks are strong enough to withstand a sharp downturn in the property market despite their large exposure to the sector, said Fitch Ratings.

The downside risks for banks would be modest even if housing-loan quality were to deteriorate drastically, it said.

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Companies & Markets

Companies & Markets

S'pore banks able to withstand a sharp property fall: Fitch

KEYWORDS IN THIS ARTICLE

Companies & Markets

S&P slashes Boeing credit outlook as rating hovers above junk status

Honda to spend US$11 billion on EV strategy in Canada

GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology

Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336

Nasdaq’s profit falls as shaky economy keeps IPO revival elusive

iFast Q1 net profit surges on ePension unit performance

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