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July bank lending up from June but growth is slimmer

Preliminary MAS data reflects weaker growth in business lending as June has a big construction loan boost

MAS212.jpg
The Monetary Authority of Singapore (MAS) building in the evening.

Singapore

BANK lending in July rose from June, but by a smaller extent compared to a month earlier, preliminary data from the Monetary Authority of Singapore (MAS) showed on Monday. This reflected weaker growth in business lending, given the big boost in construction loans in June.

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