In 2020, all three lenders are likely to see higher credit costs – the amount set aside for bad loans – according to Fitch. “We see greater vulnerability in Hong Kong SME loans, with DBS and OCBC having higher exposure than UOB,” it added.
In terms of their overall exposures to Hong Kong, the Big Three’s impaired-loan ratios in the city rocked by protests are still at less than 1 per cent, although this could worsen if the unrest drags on.
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