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S'pore banks' profit growth to ease slightly in year ahead: Fitch

Singapore banks' rating profiles are supported by strong loss-absorption cushions in the form of healthy pre-provision profitability and capital adequacy, together with policy buffers introduced by proactive and prudent regulators.


SINGAPORE banks are likely to record just slightly weaker growth in profit in the year ahead, buffered by a diversification in their business, and selective lending in China, a Fitch Ratings report said on Wednesday.

"Banks' selective lending in China - focusing on SOEs (...

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