Bank loans to drop 5% in 2011

Domestic bank loans are expected to drop due to the high base and housing loan segment, OCBC said.

Despite the 14.5% growth in the previous year, the fastest pace of loans growth since December 2008, 2011 banks loans growth will moderate to around 5% y-o-y this year.

Barring any unexpected changes to the MAS monetary policy stance in April, OCBC expects that the 3-month SIBOR may stay contained around the 0.5% handle in H1 before gradually normalising to around 0.8% towards the year-end.
 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

Boustead net profit falls 10% despite 38% revenue jump
Real estate, geospatial, and energy engineering divisions drove the sales growth.
Raffles Education revenue sinks 15% to $24.7m in Q1
The Bangkok school plans to expand capacity to accommodate 1,700 students.
HR & Education