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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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