KUCHING: Singapore’s recently-announced hikes on property stamp duty will most likely impact Malaysia’s loans growth, particularly homegrown banks with exposure in the neighbouring retail market.
Though the move would not significantly affect domestic banks’ total loans, players like CIMB Group Holdings Bhd (CIMB), Malayan Banking Bhd (Maybank) and RHB Capital Bhd (RHB Capital) – all of which had exposure in Singapore – would witness a pullback in its mortgage growth. Full story
