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Singapore bank lending dips further in October

Published Mon, Nov 30, 2020 · 09:50 PM
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Singapore

SINGAPORE's bank lending fell for the eighth straight session in October, dragged down by a continued slump in business loans.

This comes even as consumer loans have been rising steadily, data from the Monetary Authority of Singapore showed on Monday.

Loans through the domestic banking unit - which captures lending in all currencies, but reflects mainly Singapore-dollar lending - inched down 0.3 per cent to S$675.64 billion in October, com…

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Singapore bank lending up 0.1% in April: MAS data
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