Singapore bank lending up for fourth straight month

Singapore

SINGAPORE's bank lending extended its growth streak for the fourth straight month in February, lifted by continued growth in housing and construction loans.

Loans through the domestic banking unit - which captures lending in all currencies, but reflects mainly Singapore-dollar lending - were up 0.5 per cent to S$686.73 billion in February, compared with S$683.59 billion in January, data from the Monetary Authority of Singapore (MAS) showed on Wednesday.