Analysts remain 'neutral' on Singapore banking sector following extension of loan relief measures

Analysts from CGS-CIMB and RHB are maintaining their “neutral” recommendation on the Singapore banking sector following the Monetary Authority of Singapore’s (MAS) announcement that it will be extending loan payment reliefs for individuals and small and medium-sized enterprises (SMEs) into 2021.

See: MAS and financial institutions extend loan repayment support for individuals and SMEs till 2021

On Oct 5, MAS, along with the Association of Banks in Singapore (ABS) and the Finance Houses Association of Singapore (FHAS) says the extension in support measures, which were supposed to expire by Dec 31 this year, will progressively expire over 2021.

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