Singapore banks' loan growth moderates in September

Growth was down to 9.7%.

According to Nomura, September loan growth was 9.7% y-y and 7.1% YTD (down from 15.6% yy in Aug but flattish m-m), with manufacturing moderating to 15.8% y-y (Aug: 31%) down 3.2% m-m, while general commerce moderated to 14.3% y-y (Aug: 25.4%) and 0.4% m-m, and financial services-related loans grew at 9% y-y (Aug: 10%), up 2.2% m-m.

Here's more from Nomura:

Building and construction loan growth was 15.7% y-y (Aug: 16.3%), up 1.2% m-m. Overall, loans to businesses grew by 8% y-y (Aug: 15.5%), down -0.3% m-m.

Housing andbridging loans, c.31% of system loans, seem to be stabilizing at 14.9% y-y  (Aug: 15.3%), +1.1% m-m, with total consumer loan growth at 14.4% (Aug: 15.6%). Loan limit utilization was stable at 56.8% (Aug: 56.9%).



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3690+0.0013+0.09%
    USDSGD=X
    1.5162+0.0007+0.05%
    EURSGD=X
    2.0886+0.0009+0.04%
    GBPSGD=X
    87.4717-0.0475-0.05%
    SGDJPY=X
    5.6653-0.0049-0.09%
    SGDHKD=X
    2.6724-0.0015-0.06%
    SGDMYR=X
    9,509.4619+5.5488+0.06%
    SGDIDR=X
    4.5804-0.0016-0.04%
    SGDCNY=X
    1.0711+0.0019+0.17%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,203.60+2.70+0.22%
    GCJ15.CMX
    16.25+0.09+0.54%
    SIK15.CMX
    72.69-1.12-1.51%
    ^XAU
    2.660.00-0.02%
    HGK15.CMX
    51.75+0.22+0.43%
    CLJ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.60-0.01
    ^FVX
    2.120.00
    ^TNX
    2.72+0.01
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    4.11-0.05-1.20%
    Z74.SI
    0.138+0.003+2.22%
    5GB.SI
    0.122-0.002-1.61%
    G31.SI
    0.415-0.010-2.35%
    E5H.SI
    0.3150.0000.00%
    AFC.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.25+0.06+31.58%
    B26.SI
    0.235+0.015+6.82%
    D79.SI
    0.48+0.03+6.67%
    MN5.SI
    0.325+0.015+4.84%
    L02.SI
    0.3150.0000.00%
    AFC.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.086-0.019-18.10%
    T16.SI
    0.20-0.02-9.09%
    B1N.SI
    0.225-0.015-6.25%
    5OC.SI
    0.64-0.04-5.19%
    O9E.SI
    0.665-0.035-5.00%
    L17.SI