Singapore March bank loans hit strong pace on trade, oil sector, home loans
Singapore
BANK lending in Singapore surged in March from a year ago at the strongest pace since November 2014, led by stronger business lending that reflects gains in trade loans, loans to oil-related companies, as well as in mortgages.
Bank lending gained 6.3 per cent to S$628 billion last month, albeit following several months of contraction in most of 2016, preliminary data from the Monetary Authority of Singapore on Friday showed.
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