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Bank lending dips in July, weighed down by fall in business loans

The 1.3% dip to S$418.01b in business loans reverses last six months' growth streak

General commerce loans slid the most, followed by loans to financial institutions; loans to the manufacturing sector also fell as the US-China trade war weighed on sentiment. But segments such as loans to buildling and construction held up.


A DROP in business loans was the main drag to total bank lending in July, even as housing loans continued to slide for the seventh straight month.

Bank lending in Singapore dipped 0.9 per cent to S$680.7 billion in July from a month ago, on broad weakness across both...

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