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Home / News / Sector Focus

Local banks to face greater asset risks due to worsening macroeconomic conditions: Moody's

Sector Focus

Local banks to face greater asset risks due to worsening macroeconomic conditions: Moody's

PC Lee Published on Tue, Feb 26, 2019 / 12:48 PM GMT+8

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SINGAPORE (Feb 26): Singapore's three largest banks by assets, DBS Bank, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) will face greater asset risks this year due to worsening macroeconomic conditions despite ending 2018 with record net profits, stable asset quality and strong capital, says Moody’s Investors Service.

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