DBS OCBC UOB Balls Shrinked - Tsunami of SMEs Defaulters

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DBS OCBC UOB Balls Shrinked - Tsunami of SMEs Defaulters

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25-05-2020, 02:20 PM

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DBS OCBC UOB Balls Shrinked - Tsunami of SMEs Defaulters

An honorable member of the Coffee Shop Has Just Posted the Following:

Will Singapore banks regret easy loans for coronavirus-hit businesses?

Struggling businesses have taken out 2,500 loans since March, with the Singapore government taking on a risk share of 90 per cent and banks the rest
But as the Covid-19 pandemic drags on, the risk of default looms large, even as local banks DBS, OCBC and UOB have already seen their profits drop

...

DBS OCBC UOB Balls Shrinked - Tsunami of SMEs Defaulters

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