SINGAPORE: The city-state’s banking system remains resilient and well-equipped to handle potential risks to its financial outlook, according to the Monetary Authority of Singapore .
, the central bank highlighted that the sector is backed by robust capital and liquidity buffers, ensuring it can weather economic headwinds.This is further supported by a survey conducted by MAS in September 2024, which revealed that banks expect credit demand to rise, driven primarily by corporate borrowing.Credit growth reached its peak earlier in 2024 before tapering off in the third quarter, with interbank lending accounting for much of the surge.
Looking ahead, MAS emphasized that while loan demand is expected to increase, banks intend to uphold stringent underwriting standards to navigate the uncertainties posed by the economic environment, including geopolitical risks.
Jobless daughter who gives her mum S$1.9K/month from her savings says her mum still tells her, “You don’t give me enough”SG worker says people in their 50s are hard to work with because they’re “full of ego, lack respect, instructive, and have mood swings”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MAS champions tokenisation in financial services, a new era for Singapore Singapore News%
Read more »
Singapore stocks fell as trading began on Friday—STI dropped by 0.8% Singapore News%
Read more »
Singapore employers reject 4-day work week and remote work arrangements Singapore News%
Read more »
Johor to introduce premium salaries for jobs in special economic zone with Singapore Singapore News -%
Read more »
Singapore’s CPF ranks 5th in the 2024 Mercer CFA Institute Global Pension Index Singapore News%
Read more »
Singapore achieves impressive eighth-place finish at World Masters Hockey World Cup 2024 Singapore News -%
Read more »