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Robust business loans save the day for bank lending in June

Growth in business loans more than makes up for the wilting of residential mortgages for the month

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Tay Peck Gek

Tay Peck Gek

Published Wed, Jul 31, 2019 · 09:50 PM

    Singapore

    ROBUST business loans more than offset the decline in residential mortgages, resulting in a 0.8 per cent month-on-month increase in total bank lending for the month of June.

    Monetary Authority of Singapore (MAS) preliminary data on Wednesday showed that loans to businesses came in stronger at S$423.5 billion in June, up 1.3 per cent month on month and 3.8 per cent year on year.

    Cooling measures

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