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Singapore bank lending flat in December: MAS preliminary data
BANK lending in Singapore was flat in December from a month ago on broad weakness across both business and consumer loans, preliminary data from the Monetary Authority of Singapore showed on Thursday.
Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at S$671.7 billion in December, compared with S$671.9 billion a month ago.
From a year ago, total lending rose 3 per cent.