Oct bank lending in S'pore stirs but soft demand still expected
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Singapore
BANK lending in Singapore in October reversed from 12 months of contraction, but this comes as banks expect soft demand to continue, given the rising uncertainties in the external environment.
Loans through the domestic banking unit - which captures lending in all currencies but mainly reflects Singapore-dollar lending - stood at S$608 billion in October, up from S$602 billion a year ago, preliminary data from the Monetary Authority of Singapore (MAS) showed on Wednesday.
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