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Singapore Banks Sector - Asset quality tracker : 3Q15 better than expected, but concerns likely to linger

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Publish date: Mon, 09 Nov 2015, 05:16 PM
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ASEAN and Greater China key drivers of NPL growth, but better than market worries
In this report, we provide a snapshot of the various asset quality related disclosures provided by the banks and highlight the key developments during the quarter. ASEAN and Greater China continue to be the key source of new NPLs (and incremental P&L provisions), even though level of asset quality deterioration was better than market worries. In terms of industry segments, performance of the commodities book was more resilient than expected, with O&G services seeing some deterioration.
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