Bank lending in Singapore flat in September: MAS
Bank lending in Singapore dollars showed no growth in September compared to a month ago, figures released by the Monetary Authority of Singapore showed on Friday.
Total domestic banking unit loans stood at S$605 billion, unchanged from August.
The growth in consumer loans was erased by the drop in business loans. Consumer loans was up 0.5 per cent to S$234 billion, lifted by higher housing loans and larger credit card debt.
TRENDING NOW
Hell hath no fury like a man scorned: CEO’s S$468,000 suit against ex fails after relationship sours
How Asia’s next generation is rewriting legacy through entrepreneurship
Singapore’s new data centres must use renewables. Can they overcome the hurdles?
Canada’s fight with the US has far bigger stakes than trade