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Why analysts see UOB's selective lending strategy attractive

Singapore Business Review
Why analysts see UOB's selective lending strategy attractive

The bank remains disciplined in its pricing.

Analysts at Maybank Kim Eng say UOB's selective lending strategy is a good move.

The brokerage firm said the bank remains disciplined in its pricing to ensure no significant margin compression from high-quality customers, who tend to have lower lending rates due to lower credit risks.

Meanwhile, customer spreads in 2Q17 were maintained at 2.14%, higher than peers’ 1.96-2.03%.

"With a broadening economic recovery and rebound in Singapore’s property market, we expect loan growth momentum to be sustained," Maybank Kim Eng said.



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