Singapore bank lending up 0.6% in March: MAS preliminary data
BANK lending in Singapore inched 0.6 per cent higher in March from a month ago, as continued contraction in consumer loans was offset by a touch of strength in business lending, preliminary data from the Monetary Authority of Singapore (MAS) showed on Tuesday.
Loans through the domestic banking unit - which captures lending in all currencies, but reflects mainly Singapore-dollar lending - stood at S$676 billion in March, compared with S$672 billion a month ago.
From a year ago, total lending in March rose 2.2 per cent, weaker than the 3.3 per cent year-on-year gains posted in February.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Bank of Japan to scrutinise yen moves in guiding policy: Governor Ueda
A look back on three decades of change in liner shipping
Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global
German factory orders drop in sign of enduring weakness
Cut aid for livestock farms to help climate fight, World Bank says
PM Modi votes as India’s marathon election heats up