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  • ome lenders have also slimmed down their workforce to cut costs.According to industry data, the number of branches operated by nine local banks, including foreign players such as Standard Chartered and Citibank, reached 5,101 as of end-July, down 5 percent from 5,370 as of end-June last year.The on-year change marks the biggest fall since the Asian financial crisis when the number of bank branches
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