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Construction loans lift June lending
Such loans, which make up the largest slice of the business-lending pie, rose by a record 11.7 per cent in June from May
Published Fri, Jul 31, 2015 · 09:50 PM
Singapore
A RECORD boost in construction loans in June put bank lending back to levels seen at the end of January, bouncing back from poor growth seen in most of the first half of the year.
The homegrown banks believe the momentum would continue into the second half, with all three holding on to forecasts of about 5 per cent loan growth this year.
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