Banks steadfast in 5% loan growth forecast
China remains a clear focus for all, but the banks are armed with different ammunition
Singapore
AT half-time, all three banks have kept their loan growth forecast of about 5 per cent this year.
But some divergence emerged in how they will get there: DBS remains keen to grow its market share in mortgages - and has been doing so since 2010 - while UOB signals some apprehension in growth from this sector, even as it retains pole position.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
J&J advances US$6.48 billion settlement of talc cancer lawsuits
US holds quarterly debt sale steady, starts buybacks this month
US dollar nears six-month high after pre-Fed data shock, yen steady
KFC parent Yum reports surprise drop in global same-store sales on weak demand
Pfizer lifts 2024 profit view on cost cuts, higher Covid vaccine demand
Shell exits China power market businesses