Singapore banks spent 2015 bound by slow growth chains and they will not likely break free in 2016.
When Singapore banks rang in the new year, they did so with a lot of trepidation and head-shaking resignation as most indicators point to a tepid, if not terrible, 2016. Earnings are expected to moderate, loan growth will remain lacklustre and increasing corporate leverage will further add fear to an already badly shaken Singapore banking sector.