Printer Friendly

Fitch data shows Singapore banks exposed to energy industry.

Global Banking News-June 23, 2016--Fitch data shows Singapore banks exposed to energy industry

(C)2016 ENPublishing -

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.

[Editorial queries for this story should be sent to]

((Distributed via M2 Communications -

COPYRIGHT 2016 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Geographic Code:9SING
Date:Jun 23, 2016
Previous Article:Indian Exim Bank seeks more government capital.
Next Article:Australia's regulator probes Macquarie.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters