Bank loans grew 1.3% in December 2010
Business loans and consumer loans continue to buoy the growth of bank loans.
OCBC said bank loans growth continued to power ahead at 14.7% y-o-y and +1.3% m-o-m in December 2010, up from November's 14.5% reading, and buoyed by business loans (+11.7% y-o-y, 1.4% m-o-m) and consumer loans (18.5% y-o-y, 1.2% m-o-m), especially housing/lodging (+22.9% y-o-y, 1.3% m-o-m).