Tan Shan Min

Tan Shan Min

Tan Shan Min is a Student Associate (Development Office) and student at Yale-NUS College in Singapore.

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Will Singapore banks regret easy loans for coronavirus-hit businesses?

Struggling businesses have taken out 2,500 loans since March and while there is a risk of default, analysts say the loans will prevent the larger calamity of businesses collapsing. Banks are also well-capitalised, they add.

26 May 2020 - 2:35PM

Struggling businesses have taken out 2,500 loans since March and while there is a risk of default, analysts say the loans will prevent the larger calamity of businesses collapsing. Banks are also well-capitalised, they add.

Will Singapore banks regret easy loans for coronavirus-hit businesses?