Posted AT 7:26 AM EST on 13/11/08
Fitch sees Asia banks' bad loans up till 2010
SEOUL — Asian banks will continue to suffer from rising bad loans next year or into 2010 as the global economy stutters, and banking stocks will remain under pressure, a senior official at Fitch Ratings told Reuters on Thursday.
“Dealing with economic downturn will increase bad loans that will challenge banks,” David Marshall, managing director and head of Fitch's Asia-Pacific financial institutions team, said in an interview.
The full text of this article has 481 words.
To continue reading this article, you will need to purchase this article.
This article is NOT available for licensing for re-use and redistribution.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
