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
    1.3497+0.0029+0.22%
    USDSGD=X
    1.4973-0.0033-0.22%
    EURSGD=X
    2.1126-0.0038-0.18%
    GBPSGD=X
    91.1454+0.2707+0.30%
    SGDJPY=X
    5.7436-0.0118-0.20%
    SGDHKD=X
    2.7820-0.0073-0.26%
    SGDMYR=X
    9,885.5312-30.2217-0.30%
    SGDIDR=X
    4.5952-0.0119-0.26%
    SGDCNY=X
    1.0358-0.002-0.19%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,168.70-3.10-0.26%
    GCQ15.CMX
    15.54-0.04-0.26%
    SIU15.CMX
    63.14-0.77-1.20%
    ^XAU
    2.61-0.01-0.36%
    HGU15.CMX
    58.70-0.77-1.29%
    CLQ15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.70+0.08
    ^FVX
    2.42+0.09
    ^TNX
    3.20+0.10
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.30+0.01+1.69%
    5WA.SI
    0.755-0.005-0.66%
    N21.SI
    0.260.00+1.96%
    AFC.SI
    4.26+0.05+1.19%
    Z74.SI
    0.305-0.025-7.58%
    R14.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.22+0.05+27.91%
    AWR.SI
    0.194+0.040+25.97%
    AYE.SI
    2.40+0.48+25.00%
    S91.SI
    0.265+0.030+12.77%
    5PL.SI
    0.36+0.04+12.50%
    5NF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.187-0.128-40.63%
    AZR.SI
    0.12-0.05-27.27%
    40R.SI
    1.18-0.43-26.71%
    AXL.SI
    0.88-0.20-18.52%
    AWG.SI
    0.41-0.09-18.00%
    BAJ.SI