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May bank lending flat but better numbers likely in months ahead

MAS expects a recovery in global trade, along with growth in the US and China and a turnaround in the eurozone

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Bank lending growth in Singapore was flattish in May, as weaker lending activity to financial institutions partly offset a spurt in lending for trade-related activities.

Singapore

BANK lending growth in Singapore was flattish in May, as weaker lending activity to financial institutions partly offset a spurt in lending for trade-related activities.

But this comes amid expectations of stronger economic growth in the months ahead, which should lead to

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