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Interest rate changes could boost some banks with slow loan growth
Singapore bank lending growth in Dec slowest since March 2010
Published Tue, Mar 10, 2015 · 09:50 PM
Singapore
THE EASING in lending growth in Singapore last year mirrors that of banks in Asia-Pacific, but some banks could benefit from changes in interest rates ahead, said broker reports.
In Singapore, bank lending in December grew at 5.9 per cent from a year ago - the slowest pace since March 2010. Similarly, Thai banks registered loan demand at its weakest in four years - with growth at 5 per cent from a year ago - given the political tensions, said Citi Investment Research in a report this week.
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