SINGAPORE (Nikkei Markets) -- Oversea-Chinese Banking Corp and United Overseas Bank, the smaller members of Singapore's big three banking groups, said they are confident of riding out the economic uncertainties posed by the coronavirus outbreak in the region although it would have some impact on their financials.
Samuel Tsien, CEO of OCBC, the city-state's number two lender, said the bank's revenue this year could be about 2% below potential while problem loans could increase by a few basis points. But the bank also pointed to last year's strong growth in assets under management as generating new fee income.