SINGAPORE (Nov 2): Singapore’s banks have strong balance sheets, but not even they are immune to a slowdown in economic growth in Southeast Asia.

United Overseas Bank, as an example, gave analysts post-results guidance that Jefferies calls “none too exciting”, as loan growth remains slow.

So far most analysts -- and the banks themselves -- remain comfortable that economic difficulty in the region will not greatly hurt asset quality, but this has been a tough quarter nonetheless.

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