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Local banks 'resilient' in 2023, but MAS warns of deteriorating asset quality, climate transition risks

Jovi Ho
Jovi Ho • 8 min read
Local banks 'resilient' in 2023, but MAS warns of deteriorating asset quality, climate transition risks
Higher credit costs in 2024 could be an issue for banks as borrowers cope with “persistently high” interest rates, says the Monetary Authority of Singapore in its latest Financial Stability Review, released on Nov 27. Photo: Bloomberg
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