S&P warns of potential bank earnings wipeout in SEA
pre-market1 source ↓written by the desknot a recommendation
S&P Global Ratings cautioned that a major borrower default could erase a year's earnings for banks in South and Southeast Asia, particularly in Brunei and the Philippines. These countries face significant loan concentration risks due to high single-name exposure. Thailand is also notably affected, with potential losses exceeding full-year earnings before tax.
Not investment advice. For informational purposes only.