06 Nov '11, 9pm

Singapore banks continue to lend more to China: SINGAPORE - Singapore banks continued to grow their Greater Chin...

SINGAPORE - Singapore banks continued to grow their Greater China loans in the third quarter of this year. A Credit Suisse report attributed this to tight US dollar liquidity across Greater China as well as less aggressive credit expansion from Western banks. Tighter credit conditions in mainland China also continued to provide credit growth opportunities for Singapore banks DBS, UOB and OCBC, enabling them to both help their regional customers in China businesses and add new Chinese customers. According to the report, DBS leads with a Greater China loan book of S$23.6 billion (as at September), up 75 per cent year-to-date. This was followed by OCBC with a Greater China loan book of S$17.2 billion, up 67 per cent, and UOB, with a loan book of S$8.8 billion, up 67 per cent. As a percentage of the total loan book, OCBC's exposure to Greater China was the highest at 13.3 per ...

Full article: http://www.todayonline.com/Business/EDC111107-0000037/Sin...

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