System loan growth was 6%.
Banks’ loan growth in Singapore was 4-8% vs system loan growth of 6% YoY, with UOB and DBS’s growth trending slightly lower in 2Q17, according to Maybank Kim Eng.
"This could be partly attributed to a slight decline in their housing loan growth, but Singapore banks’ growth was still faster at 4-7% YoY vs system’s 4%. Recovery in Singapore’s property market will drive loan volumes. Margins, however, will stay tight in order to defend/gain market share," the analyst said.
Join
Asian Banking & Finance
community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!