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Chart of the Day: Here’s proof that Singapore loan growth is outpacing system lending growth
All three banks outpaced the system itself.
Singapore’s banks are in a battle for market share following the sharp deceleration in system loan growth since July of last year.
According to a report by Maybank Kim Eng, directing excess capital back to Singapore will only worsen competitive pressures.
“In 1H16, all three banks booked faster lending growth locally than the banking system itself,” the report noted.
The report added that the outperformance could only have been achieved by embracing higher risks or compromising on loan pricing.
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