The Business Times
business-time-50
SUBSCRIBERS

Less whoop, more whimper from July's bank lending

google-preferred-sourceAdd BT as a preferred source
Published Thu, Aug 31, 2017 · 09:50 PM

    Singapore

    BANK lending in July reflected a tepid showing in business loans, dashing some hopes of a sustained momentum into the second half, data from the Monetary Authority of Singapore (MAS) showed on Thursday.

    Loans through the domestic banking unit - which capture lending in all currencies but mainly reflect Singapore-dollar lending - stood at S$633 billion in July, up 5.9 per cent. This was weaker than the year-on-year gain of 7.6 per cent posted in June.

    Singapore bank lending

    TRENDING NOW

    Errant investment advice on CPF Life and ILPs could compromise retirement adequacy in the long run.

    The retirement advice that worries me the most

    The price paid for the Shi family’s latest bungalow purchase in Cluny Hill works out to S$2,295 psf on a land area of 37,036 sq ft.

    Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million

    Han Keen Juan, executive chairman, Old Chang Kee says he did not build his curry puff empire alone

    From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More