May 17, 2017 / 9:52 AM / 2 months ago

BRIEF-United Overseas Bank sees lower NPL from oil and gas sector in 2017

1 Min Read

May 17 (Reuters) - United Overseas Bank Ltd:

* "UOB believes that new non-performing loans and specific allowances from oil and gas sector should be lower in 2017 than in 2016"

* "Singapore mortgage portfolio will remain resilient, with no systemic signs of asset quality risk as interest rates, unemployment expected to remain conducive"

* "Long-term structural drivers for Asia remain intact"

* "We do not expect widespread asset quality deterioration in 2017, barring unforeseen developments" Source text for Eikon: Further company coverage:

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