Flat consumer lending a drag on Aug bank loans growth
S$613b figure up half a per cent from July; mortgage growth eases, business loans up 0.8%
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Singapore
FLAT growth in consumer loans in August affected overall bank lending compared to July, preliminary data from the Monetary Authority of Singapore showed on Wednesday.
Loans through the domestic banking unit (DBU) - which essentially captures lending in all currencies but mainly reflects Singapore-dollar lending - stood at S$613 billion in August, up 0.5 per cent from July. In July, bank lending stood at S$610 billion, up 0.6 per cent from the month earlier.
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