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BANK RESULTS

With reliefs yet to unwind, Singapore banks sit uneasy about final impact of Covid-19

To ready themselves for bad loans, the Big Three - all with dives in earnings - have frontloaded more provisions for Q2

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Singapore banks charted a sharp dive in earnings as benchmark rates collapsed in the second quarter and the trio lifted provisions as a buffer against defaults when loan moratoriums unwind at year's end.

Singapore

SINGAPORE banks charted a sharp dive in earnings as benchmark rates collapsed in the second quarter and the trio lifted provisions as a buffer against defaults when loan moratoriums unwind at year's end.

Bank chiefs have warned that much of the next 12 months or so will...

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