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UOB loans growth least affected by trade war, property curbs

By Bloomberg

/ Bloomberg |

September 27, 2018 11:47 AM SGT

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SINGAPORE (Sept 26): United Overseas Bank’s near-term loans growth is not expected to be affected by trade war and property cooling measures, say analysts.

Between 10-15% of UOB’s loans book is trade related with the bulk anchored out of South-East Asia. UOB has the largest percentage of Singapore loans (2Q18: 52% of total loans) compared to DBS (47%) and OCBC (41%), and the least exposure to Greater China loans (2Q18: 15% of total loans) as compared to DBS (16%) and OCBC (26%).

Hence, analysts do not expect the trade war to pose significant risks to trade loans growth unless it escalates into an overall global slowdown.

In UOB, 50% of total loans are related to property compared to 42% at DBS and OCBC each. Meanwhile, mortgage-related loans make up 27% of total loans at UOB while building and construction make up the remaining 23%.

Read more on The Edge Singapore.

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