SINGAPORE (May 31): The worst might be over for Singapore banks.

Moody's Investors Service has upgraded its outlook for Singapore’s banking system to “stable”, from “negative” previously. This comes amid improving growth conditions as well as receding risks to asset quality and profitability on the back of stabilising commodity prices.

The outlook is based Moody’s assessment of five pillars – operating environment; asset quality and capital; funding and liquidity; profit and efficiency; and systemic support – which were each rated “stable”.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook