Slight slowdown: A DBS Group Holdings Ltd bank branch in Singapore. Banks in the city-state expect their loan books to see mid-single-digit growth in 2023. — Bloomberg
SINGAPORE: The three local banks face a continued slowdown in loan growth and higher credit costs in 2023 but their earnings will stay buoyant, analysts tells The Straits Times.
Last week marked the end of the results season for DBS Bank, OCBC Bank and UOB, which saw their net profits for the fourth quarter between October and December 2022 surge as a result of higher interest rates.
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