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Business trends

Southeast Asian banks log double-digit gains on strong lending

Singaporean players nab foreign cash, while Indonesia caters to individuals

Singapore's central business district. Banks from the city-state achieved strong profit growth in 2018 thanks to diverse operations and target markets.   © Reuters

SINGAPORE -- Southeast Asian banks enjoyed a banner 2018 as greater lending and healthy asset management operations drove double-digit profit gains at seven of the region's 10 leaders by market cap.

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