Credit losses set to decline for most Asia Pacific banks
Credit losses set to decline for most Asia Pacific banks 01 Jun 2021, 18:55 GMT+10 Melbourne [Australia], June 1 (ANI): Credit losses are set to fall across most Asia Pacific banking systems over the next two years, SP Global Ratings said on Tuesday. This is partly because targeted assistance to stretched borrowers will likely continue in many places until pandemic-related challenges substantially abate. "Asia Pacific banks should safely avoid a 'cliff effect' even as extensive relief measures are progressively removed," said SP Global Ratings credit analyst Sharad Jain. Moratoriums on loan r...
Source: azerbaijannews.net