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Business loans down for first time since Nov 2012

Sing-dollar bank lending showed no growth in June from previous month

[SINGAPORE] Weaker trade finance and lending to the manufacturing sector dampened loan growth in June, with Singapore-dollar business loans declining from the previous month for the first time since November 2012.

Bank lending in Sing-dollar terms registered no growth in June compared to a month earlier. These loans totalled S$598 billion, preliminary figures released by the Monetary Authority of Singapore (MAS) yesterday showed. In May, total loans rose 1.1 per cent from a month earlier.

Total business...

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