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June bank lending sees fastest monthly growth since 2018

It is up 1.5% on stronger business loans, with total business loans in positive growth territory for the first time since July 2020

Published Sat, Jul 31, 2021 · 05:50 AM

Singapore bank lending

Singapore

SINGAPORE bank lending in June logged the fastest monthly growth since March 2018, up 1.5 per cent to S$703.92 billion as business loans gain further momentum.

On Friday, data from the Monetary Authority of Singapore showed that business loans grew at a faster pace in June, up 1.9 per cent to S$436.76 billion as compared to the 0.2 per cent increase seen in May and a flattish performance in April.