Chart of the Day: Check out how high Singapore banks' loan deposit ratio has climbed

System loans have ballooned 18.2%.

According to OSK DMG, system loans growth remained healthy in January, rising 18.2% y-o-y, buoyed by sustained expansion in business loans.

However, DBU lending to consumers decelerated further to 8.2% y-o-y, dragged down by slowing demand for housing and bridging loans.

Here's more from OSK DMG:

Impact from property cooling measures is expected to be more evident in the month ahead, resulting in loan growth slowing to 10%-11% this year.

Domestic banking unit (DBU) and Asian currency unit (ACU) loans grew 18.2% y-o-y and 1.9% m-o-m in January 2014, (Dec 2013: +19.5% y-o-y; +1.6% m-o-m).

Compared with the preceding month, there were stronger increases for both the business (+2.2% m-o-m; Dec 2013: +2.0% m-o-m) and consumer (+0.8% m-o-m; Dec 2013: +0.5% m-o-m) segments.

DBU loans growth held up by business segment. Expansion in DBU loans moderated slightly to 16.5% y-o-y in January 2014 (Dec 2013: +17.0% y-o-y; Jan 2013: +18.4%), mainly due to softer demand from consumers.

Lending to the business segment grew by a stable 22.5% yo-y (Dec 2013: +22.9% y-o-y; Jan 2013: +20.8%) but consumer loans growth was slower at 8.2% y-o-y (Dec 2013: +8.9%; Jan 2013: +15.2%). ¨ Loan growth drivers.

Lending to key sectors within the business segment was resilient – building & construction (+15.7% y-o-y; Dec 2013: +16.0%; Jan 2013: +16.7%), financial institutions (+18.9% y-o-y, Dec 2013: +17.2%; Jan 2013: +22.3%) and general commerce (+31.0% y-o-y; Dec 2013: +32.4%; Jan 2013: +22.6%).

Within the consumer segment, the property cooling measures caused growth in housing loans to decelerate to 8.6% y-o-y (Dec 2013: +9.5% y-o-y; Jan 2013: +16.2%). Housing & bridging loans accounted for 74.1% of DBU consumer loans.

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