Construction loans lift June lending
Such loans, which make up the largest slice of the business-lending pie, rose by a record 11.7 per cent in June from May
Singapore
A RECORD boost in construction loans in June put bank lending back to levels seen at the end of January, bouncing back from poor growth seen in most of the first half of the year.
The homegrown banks believe the momentum would continue into the second half, with all three holding on to forecasts of about 5 per cent loan growth this year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Japan frets over relentless yen slide as BOJ keeps ultra-low rates
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Zhang Ruijin slapped with 5 more charges days before guilty plea for earlier charges
Bank of Japan keeps rates steady, projects inflation staying near 2% in coming years
Weak yen pressures Bank of Japan’s interest rate decision