SINGAPORE -- Across the Association of Southeast Asian Nations, banks are bracing for a tide of nonperforming loans as the coronavirus pandemic rattles companies' cash flows and creates difficulties in repaying debt.
Finance
ASEAN banks prepare for flood of bad loans amid coronavirus havoc
DBS and Siam Commercial ramp up provisions as economic outlook deteriorates
Banks in Southeast Asia are wary of business closures and bankruptcies as the spread of the coronavirus causes economies to stagnate.
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