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Bank Industry Overview: Singapore Jan 06
Standard & Poors, Jan 2006
Abstract
Standard & Poor's revised the outlook on the Singapore banking sector to stable. The outlook reflects the sector's sound liquidity, pick-up in loan growth, and stable earnings record, all underpinned by better economic conditions. The credit profiles of domestic banks have continued to improve and are at a strong level. While Singapore banks have been active with capital management initiatives, Standard & Poor's expects capitalization levels to remain robust and in line with the banks' changing risk profiles. The banking industry is one of the lowest-risk systems in Asia. The strong credit profiles of Singapore-based banks are reflected in the improving ratio of nonperforming assets to gross system loans, which was between 4%-5% at September 2005, down from 7.1% at...
Companies mentioned in this report are: Singapore (Republic of) (Unsolicited Ratings),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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