Singapore bank lending up 0.1% in March: MAS

BANK lending in Singapore gained 0.1 per cent in March from the month before amid flat business lending, preliminary data from the Monetary Authority of Singapore on Friday showed.

This was weaker when compared with the 1.7 per cent growth in February 2017 from the month before. Loans through the domestic banking unit - which capture lending in all currencies but mainly reflect Singapore-dollar lending - stood at S$628 billion in March, up from S$627 billion in February.