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UOB sees higher credit costs, OCBC expects muted revenue following Malaysia's lockdown

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UOB's CFO Lee Wai Fai (left) earlier said the bank's credit costs could jump to 80 bps if the outbreak drags beyond mid-2020, though he found it "highly unlikely". OCBC's CFO Darren Tan (right) told BT that with its strong level of capital, funding and liquidity, the bank would be able to ride this period of turbulence well.

Singapore

UOB, which has the largest Asean exposure of the three local banks, is expecting a greater impact on its credit costs than initially thought of, as the global novel coronavirus outbreak has caused several countries to go into lockdown mode.

In response to queries from The...