SUBSCRIBERS

Construction loans lift June lending

Such loans, which make up the largest slice of the business-lending pie, rose by a record 11.7 per cent in June from May

Published Fri, Jul 31, 2015 · 09:50 PM

Singapore bank lending

Singapore

A RECORD boost in construction loans in June put bank lending back to levels seen at the end of January, bouncing back from poor growth seen in most of the first half of the year.

The homegrown banks believe the momentum would continue into the second half, with all three holding on to forecasts of about 5 per cent loan growth this year.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes