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Bank lending closes flat in December

Published Wed, Jan 31, 2018 · 09:50 PM

Singapore

BANK lending in Singapore closed off 2017 on a flat note, reflecting the contraction in lending in key business segments that include finance, construction and trade.

Loans through the domestic banking unit - which captures lending in all currencies, but mainly reflects Singapore-dollar lending - stood at S$652 billion in December, compared to S$654 billion in November, preliminary data from the Monetary Authority of Singapore (MAS) on Wednesday showed.

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