Little risk of home loans hitting local banks, says Maybank
Report comes amid sharp rise in housing non-performing loans at UOB in Q2
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[SINGAPORE] Unlike the fabled three little pigs, the trio of local banks appear to have built houses of steel. The chance of a fallout via the banks' mortgage portfolios is slim, a Maybank report said yesterday, despite the sharp lift in housing non-performing loans (NPL) at UOB in the second quarter.
"Don't worry, not house of straws," said Maybank analyst Ng Wee Siang in a report yesterday.
Still, based on its stress test, taking factors such as a 30 per cent collapse in property prices, OCBC Bank's earnings would be hit the most of the three.
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