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Bank Industry Overview: Singapore Sep 03
Standard & Poors, Sep 2003
Abstract
The outlook on the Singapore banking sector remains stable. The Singapore banking system remains among the least risky in Asia, characterized by sound liquidity and a stable earnings profile. The credit profiles of Singapore-based banks remain strong, as evidenced by the ratio of nonperforming assets to gross system loans, which averaged 8.2% in 2002, compared with a 14% peak in 1999. The capital position of Singapore banks is satisfactory; the system's average adjusted common equity ratio was 6.7% in 2002. Capitalization is expected to fall slightly as banks continue to actively manage their capital to optimize shareholder value. Nevertheless, capitalization is likely to be maintained at a level that is commensurate with current ratings. In addition, an effective regulatory framework...
Companies mentioned in this report are: DBS Bank Ltd.,United Overseas Bank Ltd.,Oversea-Chinese Banking Corp. Ltd.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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