Sharp fall in lending in April casts doubt on S'pore banks' loan target
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GROWTH in lending by Singapore banks this year may just skim, or miss their expectations of at least 5 per cent rise, judging from the dismal loan figures for April, and those from months before.
Bank lending in April fell for the fifth straight month, and more compared to a month earlier. Business lending was down sharply - with this level of contraction last seen during the global financial crisis - and consumer loans dipped for the first time since April 2006.
