The total non-performing loans net of provisions to capital ratio in Singapore stood at 6.87 in 2023. This was part of a generally increasing trend from 2013 to 2023, with notable acceleration in recent years. The year-on-year variation from 2022 to 2023 was approximately 0.59%. The forecast for 2024 onwards suggests a continued gradual increase with a 0.41% CAGR over the next five years, reaching 7.05 in 2028.
Future trends to watch for include:
- Impact of economic cycles and market stability on non-performing loans
- Regulatory changes impacting capital adequacy ratios
- Potential global financial market fluctuations influencing Singapore's banking sector
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