Stable playing field a gain for Singapore banks: report

Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No High credit costs can be covered by profits. Singaporean banks still reap the benefits of operating in an economically-stable environment, as shown by their robust funding profiles and the sound financial system, according to an S&P Global Ratings report. Sector fundamentals will remain healthy despite credit costs possibly doubling or tripling this year, with the increase coming from a low base from a long-run average of 20-25bp of loans, which can be covered by profits and will leave capital intact, analysts Ivan Tan and Rujun Duan said. read more