Skip to main content

Advertisement

Local banks remain cautious despite beating market expectations amid COVID-19 | Video

01:57 Min
Singapore's three local banks are making sure they have ample provisions to ride out the uncertainties ahead, setting aside bigger allowances for bad loans. The move means they are reporting lower third quarter net profits, but despite the challenges, the results have beaten market expectations. Brandon Tanoto reports.
Singapore's three local banks are making sure they have ample provisions to ride out the uncertainties ahead, setting aside bigger allowances for bad loans. The move means they are reporting lower third quarter net profits, but despite the challenges, the results have beaten market expectations. Brandon Tanoto reports.

Advertisement

You May Also Like

Advertisement