As for the moratoriums offered by the Singapore banks, these are set to expire towards the end of this year.
About 5-16 per cent of the trio's total loans were under moratorium as at the second quarter of this year. "We believe there may be a case for the extension of mortgage moratoriums minimally against the increasingly weak employment outlook into H2 2020," the analyst said. However, if a Covid-19 vaccine remains elusive, asset quality uncertainties will likely weigh on the trio of lenders through FY21, as central banks in the region balance between supporting industries hit by the pandemic and ensuring the stability of banking systems, DBS noted.
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