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Banks in SE nations to face tougher operating conditions in 2014: S&P

Banks in most Southeast Asian countries will face tougher operating conditions in 2014 because of lower economic growth prospects and tighter credit conditions, according to several reports Standard & Poor's Ratings Services.

Banking systems of Singapore, Indonesia, Thailand, and the Philippines is one of stability, while that of Malaysia is vulnerable to household debt, and a continued deterioration in Vietnamese banks’ asset quality or capitalization could lead to downgrades.

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