non-performing loans (NPL)

The analysts are maintaining “neutral” on the sector, recommending “hold” on all three banks.

Wickramasinghe says that although Singapore may likely witness one of its strongest contractions in the region, this may not translate directly to its banking system.

SINGAPORE (June 11): Bond defaults in China have been on the rise, but non-performing loans (NPL) formation has seen further moderation through still healthy corporate growth, low chance of broad-based liquidity issues, and already sizeable NPLs digested

SINGAPORE (Apr 10): Singapore’s banking system has remained resilient even as global and regional  non-performing loan (NPL) numbers continue their uptrend, says financial services firm Deloitte & Touche.  

SINGAPORE (Aug 25): Singapore’s three biggest local banks – DBS Group Holdings, Oversea-Chinese Banking Corp, and United Overseas Bank – have been among the best-performing stocks in the Straits Times Index over the past year.

SINGAPORE (May 9): Oversea-Chinese Banking Corporation (OCBC) has posted a net profit after tax of $973 million for 1Q17, 14% above $856 million in 1Q16.

SINGAPORE (Aug 5): HSBC Global Research is downgrading its view on Singapore’s equities from “overweight” to “neutral”.