OCBC expects slower loan growth in 2015

Singapore

OCBC Bank expects full-year loan growth to be "middle single digit" as loan demand is weak, said chief executive Samuel Tsien.

It would be lower than last year's 18 per cent, he said on Thursday at a press briefing after OCBC posted its Q1 results.

DBS Bank, which released Q1 results on Tuesday, revised 2015 loan growth down to 6 per cent from the previous 8 per cent.

"Loan demand is indeed lower, especially for indigenous activities," said Mr …