Published:
Chart of the Day: What you need to know about loan growth in Singapore
Driven by business loans, loan growth continued to moderate as expected.
DBS Group Research said:
The slower loan growth trend is expected. Loan growth in April 12 moderated further to 24.0% y-o-y and 0.6% m-o-m, bringing YTD loan growth to 3.5%.
Momentum continued to be driven by business loans albeit slower than previous months.
Housing loan growth was further reduced to 15.3% y-o-y and 0.9% m-o-m with YTD growth at 3.8% as a result of the stricter property measures.
Read Here
Advertise
Sign Up
