Business loan growth sinks into the red for the first time since Lehman crisis

Weighed down by cloudy global outlook.

Business loan growth in Singapore dipped into the red for the first time since the Lehman crisis in April, according to a report by DBS Vickers.

DBS noted that this reflects significant downside risk to growth if the downward trend persists in the coming months.
“ While global outlook remains cloudy, pressure from domestic restructuring and risk of higher interest rate are weighing down on business confidence and affecting companies’ willingness to invest,” said the report.

The faster pace of consumer loan growth is also a cause for concern, the report added.

“The concern on household leverage continues to linger April marks the fourth consecutive months whereby consumer loan growth outpaced business loan growth. Indeed, businesses are responding to the risks of higher interest rates and dicey growth outlook more spontaneously than consumers,” said DBS.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia