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Singapore bank lending continues to slide in June

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Published Thu, Jul 30, 2020 · 09:50 PM

Singapore

BANK lending in Singapore continued its decline for the fourth consecutive month in June, dragged down by business loans and consumer loans amid the uncertainty from the ongoing Covid-19 pandemic.

Loans through the domestic banking unit - which captures lending in all currencies, but reflects mainly Singapore-dollar lending - dipped 0.7 per cent from the previous month to come in at S$680.36 billion, preliminary data from the Monetary Authority of Singapore (MAS) showed on Thursday.

Singapore bank lendingMonetary Authority of Singapore

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