Chart of the Day: Better days for Singapore banks as loan growth improves

It grew by 1.5% compared to last month.

Singapore’s banks seem like they are up for sunnier results, as total bank loans growth grew for the second straight month.

However, according to analysts from OCBC, the growth seem to be slower compared to last month, as several types of loans decelerated.

“Business loans decelerated from +1.1% yoy to 0.2% yoy (+0.8% mom) as general commerce and manufacturing loans contracted further yoy and building/construction and transport/storage loan momentum also eased yoy,” OCBC said.

“Consumer loans also slowed slightly from +3.9% yoy in Jul to +3.4% yoy (+0.05% mom) in Aug, tracking the slowdown in housing/bridging loans at +4.9% yoy (+0.6% mom) from 5.2% yoy previously,” OCBC added.

Meanwhile, this brought average growth to 1.9% for the first eight months of 2015.

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