Lim & Tan Securities research team:

“Our Singapore banks today are well capitalised and have ample provisions to weather any need for write-downs, and are ranked amongst the strongest and safest in world rankings and benchmarks.”

“We see any share price decline in the Singapore banks today as an opportunity to ‘accumulate’ as:

The contagion effect of a bank run should not spread to Singapore due to our local bank’s strength; and

This will not cause a financial collapse, as SVB’s depositors have been guaranteed with the setting up of a new lending program by the Fed.”