Singapore Stock Market News

Banks - Possible funding pressures ahead

StockFanatic
Publish date: Tue, 01 Oct 2013, 01:05 PM
StockFanatic
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System loan growth was moderate in Aug, with the rise in consumer and mortgage loans offsetting the fall in business loans. The system looks relatively stretched as both DBU and ACU LDRs have now crossed 100%. Credit quality, however, remains sound.

We maintain our Neutral call on the sector, with DBS as our top pick.
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