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.
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