Singapore’s biggest lender DBS bank suggests that ‘foreign exchange and sovereign risks’ are present and has then momentarily refrained from lending. Purchases of properties from London came to a sudden halt following events from the Brexit which affected international economies. This has then prompted the United Overseas Bank to pause at issuing loans in reason of the heightened uncertainty.
Singapore claims to secure their customers regarding their property investments situated in London. DBS Group Holdings, is Singapore’s biggest lender assures clients that loans will still be issued however they have to be alert since the situation of the global economy is unpredictable. Clients are given advice to appraise the current situation before they decide to commit in purchasing properties as foreign exchange and sovereign are unstable.
The material has been provided by InstaForex Company – www.instaforex.com