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Business loan demand rebounds slightly in May

Bank lending rises 0.2 per cent in May after flattish performance in April

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Published Wed, Jun 30, 2021 · 09:50 PM

Singapore

BANK lending in Singapore rose for the seventh straight month in May, growing 0.2 per cent as business loans picked up and housing loans held steady.

Fresh data from the Monetary Authority of Singapore (MAS) on Thursday showed that total business loans ticked up 0.2 per cent month on month to S$428.48 billion in May, after a flattish performance in April.

Monetary Authority of SingaporeSingapore bank lendingLoans

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