"We believe the healthy funding and liquidity profiles and adequate capitalisation of most rated banks in these countries have put them in a position of strength going into 2014," the report said.
S&P said the banking systems of Singapore,
While it expects some deterioration in banks' financial performance in 2014, particularly for those in
The banking system in
Massive capital flowed out of emerging markets in the wake of the US Federal Reserve's retreat in its bond purchase programme, and this could lead to spikes in interest rates, hitting asset quality.
Malaysian banks are particularly vulnerable to deterioration in household health, given that the household sector accounts for about 57% of the banking system's total loans. Credit risks are also high, given
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