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Singapore Banking System: Outlook in the Year of the Rabbit Feb 99

  • ID: 2040586
  • February 1999
  • Region: Singapore
  • Standard & Poors

FEATURED COMPANIES

  • DBS Bank Ltd.
  • Indonesia (Republic of)
  • Malaysia
  • Singapore (Republic of)
  • Thailand (Kingdom of)
  • United Overseas Bank Ltd.
  • MORE

Abstract
Standard & Poor's anticipates that fiscal 1999, which in the Chinese zodiac is depicted by the year of the docile rabbit, will not be a placid year for the Singapore banking system. Beleaguered by an expected weak 1998 financial performance, Singapore banks will find fiscal 1999 to be a challenging year as they attempt to manage not only the negative impacts from the regional crisis, but also germinating foreign competition arising from a liberalized banking sector. Nevertheless, the business fundamentals of the domestic Singapore banks are sound, and it is expected that they will gradually recover early next century. Mitigating the unstable short-term outlook is the consideration that the liberalization measures are likely to be implemented in the medium term....

Companies mentioned in this report are:
- The Hongkong and Shanghai Banking Corp. Ltd.
- Hong Kong (Special Administrative Region)
- Malaysia
- Thailand (Kingdom of)
- Singapore (Republic of)
- DBS Bank Ltd.
- China (People's Republic of )
- Indonesia (Republic of)
- Philippines (Republic of the)
- United Overseas Bank Ltd.
- Oversea-Chinese Banking Corp. Ltd.

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Note: Product cover images may vary from those shown

- The Hongkong and Shanghai Banking Corp. Ltd.
- Hong Kong (Special Administrative Region)
- Malaysia
- Thailand (Kingdom of)
- Singapore (Republic of)
- DBS Bank Ltd.
- China (People's Republic of )
- Indonesia (Republic of)
- Philippines (Republic of the)
- United Overseas Bank Ltd.
- Oversea-Chinese Banking Corp. Ltd.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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