Singapore banks' loan growth pegged at 14% for 2013

10% growth next year has been penciled in.

According to DBS, it expects banks to end 2013 with 14% loan growth; 10% in 2014.

Here's more:

We started 2013 with a relatively bearish view, projecting 8% loan growth but loan growth surprised in 1H13 and we believe it may end the year at 14%, that too assuming loan growth tapers off to about 1% q-o-q in 4Q13 (3Q13: 2% q-o-q). We are penciling in 10% loan growth in 2014.

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