Provisions to feature in banks’ upcoming results

Hin Leong Trading Singapore1

ALL eyes will be on the financial results of major lenders in the week ahead, as this will provide an indication of sorts for the state of the economy.

While most banking analysts have already predicted lower earnings due to several rounds of interest rate cuts amid a global health pandemic, others have also raised concerns on the recent crash in oil prices and how this will affect banks with exposure to this sector.