Jun
04
Singapore’s Worst Souring Loans Since 2009 Show Asian Contagion
BySingapore’s worst souring loans in six years are adding to signs Southeast Asian borrowers are buckling under pressure from slowing Chinese economic growth and rising U.S. interest rates.
Banks in Southeast Asia’s biggest finance center have placed 2.3 percent of their lending books in a “special mention” category, the first signal that a company may struggle to repay, the highest since 2009. Thai banks have allocated 2.8 percent, the worst in four-and-a-half years, while Indonesia has the most non-performing loans since the start of 2012…
Singapore’s Worst Souring Loans Since 2009 Show Asian Contagion
