Sept bank loans stall on construction dip
Total loans stay at S$605b after rising 1.2% in August
Singapore
BANK lending returned to its uninspired form in September, dousing cheer from a growth spurt in August.
The restructuring bite on the construction sector sank into business lending, with a first decline in building loans since March that represents the third contraction this year.
And the growing credit card debt, seen in September as well, reflects highly leveraged borrowers in Singapore, as told through separate data put out…
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