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S'pore bank lending continues to pick up
It climbs 2.1% in Nov, driven by resilient consumer borrowing, rise in business loans
Add BT as a preferred sourcePublished Tue, Dec 31, 2013 · 10:00 PM
Singapore
IN a sign that the economy is continuing to strengthen, growth momentum in bank lending in Singapore continued to pick up in November, driven by an increase in business loans and resilient borrowing by consumers.
Total bank lending in Singapore climbed 2.1 per cent in November over October to $565.8 billion, up from October's 1.4 per cent. The October figure was itself an acceleration over the 1.1 per cent for that in September.
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