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Bangkok Post
Bangkok Post
Business

Regional banks safe from US contagion

United States Fitch SVB Fitch Ratings Signature Signature Bank Asia First Republic Bank

Asia-Pacific banks are resilient to risks related to the failures of their US peers, says Fitch Ratings, noting that regional banks have limited direct exposure to Silicon Valley Bank (SVB) and Signature Bank.

"The direct exposures among Fitch-rated banks in Asia-Pacific to SVB and Signature that we are aware of are not material to their credit profiles," the global rating agency said in a statement on Friday.

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