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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

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.

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