Singapore banks to be affected by modestly higher risk-weight charges in 2017

According to Fitch Ratings, Singapore banks’ capital status remains strong, with completely loaded CET1 ratios ranging between 12.4%-13.5% at end-September 2016. We anticipate capitalisation to stay stable regardless of modestly higher risk-weight costs so that it will affect on the banks from 1 January 2017, aided by healthy internal capital generation. "Our internal stress tests show that sound capital buffers should enable Singapore banks to weather a significant deterioration in credit quality."

"We anticipate Singapore banks to hold their domestic deposit franchise strengths. Their sound Singapore dollar LCR stood in excess of 200% for 3Q16, and their Singapore dollar loan-deposit ratios had improved to 86.0% by end-September. The banks’ all-currency LCR averaged a comfortable 132% for 3Q16," adds Fitch.

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