Singapore banks' big 3 basking in business loans boom

Can it offset sluggish mortgage loans?

According to DBS, although mortgages are likely to soften in 2H14 (mortgages comprised 30% of total loans as of Sep 13), domestic business loans and trade finance loans (largely US$) may continue to thrive given strong GDP growth prospects and improved external environment.

Here's more:

DBS noted that stronger-than- expected business loans could provide a boost to overall loan growth in 2014. Every 1ppt increase in loan growth would lift earnings by 0.8%. NIM uplift would give greater ammunition to earnings.

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