NPLs ‘must’ rise during downturns – MAS’s Menon

If NPLs do not rise, that is a sign banks are not doing their jobs right, MAS chief says

ravi-menon-mas
Ravi Menon

The level of non-performing loans (NPLs) “must” rise amidst cyclical headwinds, according to the managing director of the Monetary Authority of Singapore (MAS).

Speaking on May 29, Ravi Menon said the weaker global economic growth, prolonged accommodative monetary policy and deteriorating asset quality have undermined the profitability of Asian banks.

“If NPLs did not rise at all during difficult times, then the banks are probably not lending enough or taking on sufficient risk to promote

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.