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January bank lending slips on mortgage weakness

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Published Thu, Feb 28, 2019 · 09:50 PM

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Singapore

BANK lending in Singapore slipped in January from a month ago, reflecting weaker mortgage activity as the chill from property cooling measures continue to bite.

Loans through the domestic banking unit - which captures lending in all currencies, but reflects mainly Singapore-dollar lending - stood at S$671.21 billion, down slightly by S$524 million from S$671.74 billion.

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