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Bank Industry Risk Analysis: Singapore Jan 99 Product Image

Bank Industry Risk Analysis: Singapore Jan 99

  • ID: 2041200
  • January 1999
  • Region: Singapore
  • Standard & Poors

FEATURED COMPANIES

  • DBS Bank Ltd.
  • Keppel TatLee Bank Ltd.
  • Overseas Union Bank Ltd.
  • Standard Chartered Bank
  • Tat Lee Bank Ltd.
  • United Overseas Bank Ltd.
  • MORE

Abstract
Standard & Poor's considers Singapore's banking system to be among the least risky in Asia, with domestic Singapore banks remaining among the most profitable and strongest capitalized. The system's medium-term outlook is stable, underpinned by The Monetary Authority of Singapore's (MAS) proactive role in overseeing the industry and government incentives to promote Singapore as a major financial center. Nonetheless, further asset quality deterioration will result in Singapore banks recording lower system profitability and weakened capitalization in 1998 and 1999. Industry sensitivities include the ongoing performance of the Singapore (Republic of) property market and the banks' weakened risk profiles associated with regional expansion. Despite a negative short-term profit outlook stemming from continued margin pressure and increased competition, the medium-term profit outlook...

Companies mentioned in this report are:
- The Hongkong and Shanghai Banking Corp. Ltd.
- Singapore (Republic of) (Unsolicited Ratings)
- DBS Bank Ltd.
- Standard Chartered Bank
- Keppel TatLee Bank Ltd.
- United Overseas Bank Ltd.
- Tat Lee Bank Ltd.
- Overseas Union READ MORE >

- The Hongkong and Shanghai Banking Corp. Ltd.
- Singapore (Republic of) (Unsolicited Ratings)
- DBS Bank Ltd.
- Standard Chartered Bank
- Keppel TatLee Bank Ltd.
- United Overseas Bank Ltd.
- Tat Lee Bank Ltd.
- Overseas Union Bank Ltd.
- Oversea-Chinese Banking Corp. Ltd.

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