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Business loans down for first time since Nov 2012

Sing-dollar bank lending showed no growth in June from previous month
Friday, August 1, 2014 - 06:00

[SINGAPORE] Weaker trade finance and lending to the manufacturing sector dampened loan growth in June, with Singapore-dollar business loans declining from the previous month for the first time since November 2012. Bank lending in Sing-dollar terms registered no growth in June compared to a month