Singapore’s financial sector, which is dominated by the banking sector, remains robust despite a series of economic downturns and substantial asset price declines.Singapore’s local banks, which have a 55 percent share of domestic banking assets, are profitable and well capitalized. They are also liquid, adequately provisioned for nonperforming asset exposures, and conservative in their management practices. The insurance sector is well capitalized and profitable overall. Stress test results indicate that Singapore’s systemicallyimportant banks (including major foreign bank branches) and insurance companies couldwithstand significant shocks.
đang được dịch, vui lòng đợi..
