Less whoop, more whimper from July's bank lending
Add BT as a preferred source
Singapore
BANK lending in July reflected a tepid showing in business loans, dashing some hopes of a sustained momentum into the second half, data from the Monetary Authority of Singapore (MAS) showed on Thursday.
Loans through the domestic banking unit - which capture lending in all currencies but mainly reflect Singapore-dollar lending - stood at S$633 billion in July, up 5.9 per cent. This was weaker than the year-on-year gain of 7.6 per cent posted in June.
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Taiwan’s wealthy seeks diversification to Singapore, sparking private banking race: Bloomberg
The wealth gap is widening. The answer isn’t more handouts – it’s a stake
Beyond concerts and casinos: Selling a side of Singapore tourists can’t find elsewhere
