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Singapore bank lending flat in December: MAS preliminary data

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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.

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.

sentifi.com

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