Singapore Stock Market News
Banks - October Loan Data Holding Up
StockFanatic
Publish date: Mon, 02 Dec 2013, 10:24 PM
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The industry domestic banking unit (DBU) loan growth was sustained in the region of 16% YoY in October. Business loans clocked strong growth of 19.4% YoY, which helped to compensate for a slower 10.4% YoY consumer loan growth. Come 2014, however, growth in business loans (59.9% of total DBU loans) is expected to slow down, led by the general commerce and building and construction sectors.
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