KUALA LUMPUR: Standard & Poor's expects banks in most Southeast Asian countries to face tougher operating conditions in 2014 on lower economic growth ahead and tighter credit conditions.
The international ratings agency said on Tuesday that household indebtedness in Singapore, Thailand, and Malaysia had been rising since 2008, leaving these banking systems vulnerable to rising interest rates.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!