Fitch data shows Singapore banks exposed to energy industry.
Global Banking News-June 23, 2016--Fitch data shows Singapore banks exposed to energy industry
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Global Banking News - 23 June 2016
According to data from Fitch Ratings, commercial banks in Singapore are very much exposed to the oil and gas industry.
Lenders have been financing oil businesses such as rig building, refining and trading, many of which are based in Singapore. Banks in the nation had also expanded their energy exposure following economic growth in China and Southeast Asia.
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