Bank lending to businesses, consumers sees flat start
Add BT as a preferred source
Singapore
BANK lending in Singapore extended its malaise into 2016, as weakness across both business and consumer lending translated into flat growth in loans in January from the previous month.
This comes as BMI Research said in a recent report it expects tepid loan growth of just 1.5 per cent for Singapore banks. "Singapore's real estate market is set for another year of price declines in 2016 as a middling macroeconomic outlook, subdued rental demand dynamics, the retention of market cooling measures by the government and central bank, and a gradually tighter credit environment continue to weigh," the report said.
TRENDING NOW
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
DBS sees 46% upside for Jardine Matheson; analysts expect it to surpass ‘conservative’ targets
‘Worst foreign policy blunder in decades’: US Republicans blast Trump’s Iran agreement as details emerge
