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S’pore banks cannot rely on interest rates alone for growth momentum: Analysts
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The outlook for the three Singapore lenders is clouded by economic uncertainty.
ST PHOTO: CHONG JUN LIANG
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SINGAPORE – High interest rates are turning out to be a double-edged sword for Singapore banks, lifting earnings but hitting demand for loans.
The outlook for the three lenders – DBS Group Holdings, OCBC Bank and UOB – is clouded by economic uncertainty, with two of the three setting aside more general allowances for potential bad loans.
