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Rising business activity bolsters Singapore bank lending in April

Loans grow 7%, helped by double-digit increases in FIs, business services, transport, general commerce

Singapore bank.jpg
Singapore bank lending continues to expand, driven by increasing business activity, while consumer credit growth remains sluggish, according to latest data from the Monetary Authority of Singapore.

Singapore

SINGAPORE bank lending continues to expand, driven by increasing business activity, while consumer credit growth remains sluggish, according to latest data from the Monetary Authority of Singapore.

April bank lending rose 7 per cent to S$631.2 billion from a year ago, up

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