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DBS flags more pressure on the mortgage business

It now expects new mortgage bookings to come in at S$2.5b for the year, slashing its forecast for 2018 by S$1.5b

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Mr Gupta observed that drawdowns on existing loans have been slowing, but has found no explanation for this apparent lag.

Singapore

DBS Bank chief executive officer Piyush Gupta has flagged that the mortgage business is expected to see more pressure than earlier expected, with new bookings slowing and as drawdowns on home loans previously booked appeared to be slower than usual.

DBS, Singapore's...

sentifi.com

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