Singapore bank lending up 0.7% in Oct: MAS preliminary data
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
BANK lending in Singapore was up 0.7 per cent in October from a month ago, reversing from a slight contraction in September over the month, preliminary data from the Monetary Authority of Singapore showed on Friday.
Loans through the domestic banking unit - which captures lending in all currencies, but reflects mainly Singapore-dollar lending - stood at S$689 billion in October, compared with S$684 billion a month ago.
From a year ago, total lending rose 2.6 per cent.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
