Singapore bank lending goes up 0.8% in April

Singapore

BANK lending in Singapore grew by a slower pace in April from a month ago, reflecting broad weakness in gains in business lending over the month, preliminary data from the Monetary Authority of Singapore showed on Thursday.

Loans through the domestic banking unit - which captures lending in all currencies, but reflects mainly Singapore-dollar lending - stood at S$667 billion in April, up from S$662 billion a month ago. This translated to a 0.8 per cent increase in April from March.