“Default trends will have to be watched as SMEs’ loan payment in Singapore weakened further in 2Q2023 amid economic risks,” Kwok writes, noting that OCBC’s SME loans are weaker compared to its peers.
The credit quality of Oversea-Chinese Banking Corporation’s (OCBC) (SGX:O39
) loans for small- and medium-sized enterprises (SMEs) could be a risk to the bank, says Bloomberg Intelligence credit analyst, Rena Kwok.
SMEs are defined as firms with annual sales of $100 million and below.
