The banks' credit quality is still worsening.
According to Maybank Kim Eng, exposures to special mention, doubtful and loss categories have worsened to levels not seen since 3Q09. Sub-standard category is now at its highest level since disclosure started in 2009.
"Our credit costs estimate for Singapore banks is on average between 39-44bps for FY16-18E. For every 10bps decline in credit costs across Singapore banks, we estimate that FY17-18E net profits will increase by c.6-7%."
Join
Asian Banking & Finance
community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!