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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
Add BT as a preferred sourcePublished 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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