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Singapore Sept bank lending dips on lower manufacturing loans

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Singapore's total bank lending in September eased from a nine-month high in the previous month on lower manufacturing loans, central bank data showed on Monday.

[SINGAPORE] Singapore's total bank lending in September eased from a nine-month high in the previous month on lower manufacturing loans, central bank data showed on Monday.

Loans and advances by domestic banks in the city-state amounted to S$603.4 billion in September, according to data from the Monetary Authority of Singapore.

That compared with S$603.9 billion in August, which was the largest since Nov 2015.

Lending to the manufacturing sector slid to S$23.9 billion in September from August's S$25.1 billion.

Housing and bridging loans in September grew to S$189.0 billion from August's S$188.3 billion. In Sept2015, housing and bridging loans amounted to S$182.9 billion.

REUTERS

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