It must be thankful for it.
According to Nomura, 1Q13 loan growth of 7% q-q was boosted by a large corporate crossborder deal. Excluding this chunky deal, loans would have still increased by a decent 3% q-q, putting it well on track to achieve the high single-digit growth target for the year.
Nomura noted that in fact, loan growth could even be in the low double-digit range if the current momentum continues.
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