For subscribers
S’pore banks prepared for downturn as SME sentiment sags for first time in two years
Sign up now: Get ST's newsletters delivered to your inbox
Steps taken by local lenders include using technology to pre-empt any deterioration in the financial environment for SMEs.
ST PHOTO: CHONG JUN LIANG
Follow topic:
SINGAPORE - With economists worldwide forecasting a global recession, local lenders DBS, UOB and OCBC are taking proactive steps to support their customers ahead of a possible economic downturn.
These include using technology to pre-empt any deterioration in the financial environment for small and medium-sized enterprises (SMEs).
