The Business Times
business-time-50

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.

    DBSOCBCUOB

    TRENDING NOW

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    Asian investors continue to allocate capital to global markets, while maintaining significant exposure to US assets. 

    Despite the de-dollarisation debate, demand for dollar liquidity in Asia is growing

    Dr Mari Elka Pangestu says unilateralism is “concerning” as Asean’s growth model depends upon openness and a rules-based global order.

    Asean’s challenge is to become resilient against global geopolitics: former Indonesia trade minister

    The Philippines has lost between 42.3 billion pesos (US$675.6 million) and 118.5 billion pesos to flood-control corruption since 2023.

    Floods compound Philippine growth woes from public-works scandal

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More