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Bank lending in first contraction since April

Loans through the DBU for September down 0.8% from August: MAS data
Saturday, October 31, 2015 - 05:50
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Loans through the domestic banking unit (DBU) stood at S$608 billion in September, down 0.8 per cent from the month earlier, preliminary data from the Monetary Authority of Singapore (MAS) showed on Friday.

Singapore

BANK lending in September might signal wavering business confidence, with the first month-on-month contraction since April reflecting weaker business loans.

Loans through the domestic banking unit (DBU) stood at S$608 billion in September, down 0.8 per cent from the month