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Loan growth appears mixed across industries, but CGS-CIMB analysts still 'overweight' on banking sector

Amala Balakrishner
Amala Balakrishner • 4 min read
Loan growth appears mixed across industries, but CGS-CIMB analysts still 'overweight' on banking sector
Business loans came in near flat at $427.69 billion in April after four months of steady growth.
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Photo: Bloomberg

The K-shaped nature of the Covid-19 recovery story has caused business confidence and loan demand to appear mixed across different industries, says Selena Ling, head of treasury research and strategy at OCBC Bank.

Her comments follow the “noticeable softness” in loan demand from several sectors such as manufacturing, transport, storage & communication and business services.

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Singapore’s bank lending
Singapore banking sector

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