June bank lending sees fastest monthly growth since 2018
It is up 1.5% on stronger business loans, with total business loans in positive growth territory for the first time since July 2020
Singapore
SINGAPORE bank lending in June logged the fastest monthly growth since March 2018, up 1.5 per cent to S$703.92 billion as business loans gain further momentum.
On Friday, data from the Monetary Authority of Singapore showed that business loans grew at a faster pace in June, up 1.9 per cent to S$436.76 billion as compared to the 0.2 per cent increase seen in May and a flattish performance in April.
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