September bank lending up 6.2% amid improved business sentiment

Singapore

SINGAPORE'S total bank lending may be reflecting a lift in business sentiment, amid brighter economic prospects coming from the Republic.

Bank lending in September was up 6.2 per cent from a year ago to S$641 billion in September, stronger than the 5.1 per cent year-on-year growth posted in August.

This comes as Singapore's economy powered its way into its strongest gross domestic product growth in more than three years for the third quarter of 2017.

Indeed, the third-quarter's cracking growth of 4.6 per cent came in much higher than the 2.9 per cent for the precedi…