Published:
OCBC's loan growth impressively hit 10% in 1Q13
40% of growth was from mortgages.
According to OCBC, loan growth still guided at high single digits and loan-to-deposit ratio comfort zone at 85-90%. OCBC had a strong start to the year with loans growing 3% q-o-q and 10% y-o-y in 1Q13.
OCBC said that 40% of loan growth in 1Q13 was from mortgages. New housing loan origination could decline quite significantly (by 20-30%) by 2H13 as a result of the new property tightening measures.
"But at the moment, the pipeline for drawdowns remains healthy. Separately, OCBC said it would be comfortable with loan-to-deposit ratio of 85-90% but its
Indonesian operations would likely keep the ratio within 90-100%," OCBC noted.
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