LENDING & CREDIT | Roxanne Uy, Singapore

Singapore loan growth to taper off to 8% in 2012

UOB's loan growth is also like to trend towards the lowteens of 10-12%.

According to Maybank Kim Eng:

Against earlier mid-teens loan growth guidance, UOB's loan growth is likely to trend towards the lowteens of 10-12%. This would be in line with our forecast of 11.9% for the year. Singapore loan growth is likely to taper off to 8-9% in 2012, but we do expect overall momentum to be supported by still strong loan growth of > 20% in Malaysia, which presently contributes to 15% of group loans.

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