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Home loans in focus at banks' Q3 results

UOB's bad mortgage loans have gone up; banks say no systemic stress; stocks of all three local banking groups higher on Friday

Published Fri, Oct 31, 2014 · 09:50 PM

DBS

Singapore

THERE was unflinching focus on the three Singapore banking group's housing loans in the third quarter, with United Overseas Bank (UOB) flagging bad mortgage loans that have gone up this round, as they did in the second quarter.

But the banks have highlighted that there was no systemic stress in their mortgage loans, with Oversea-Chinese Banking Corporation (OCBC) and DBS Group Holdings not discounting growth in home loans next year.