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FINANCIAL SERVICES | Staff Reporter, Singapore

UOB pins hopes on deepening client relationships to revitalise loan growth

Its loan growth was a lacklustre 2% qoq.

With a flatlining lending growth, the banking giant hopes to build on its existing client relationship to recover.

According to a report by UOB Kay Hian, while the bank expects mid single-digit loan growth for 2016, it expects utilisation of existing credit lines to increase.

Additionally, UOB Kay Hian said it intends to support its longstanding customers.

Meanwhile, UOB Kay Hian says NIM for the bank should be maintained.

“Management targets to keep cost/income ratio at 44-45%,” the report said.

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