Broad weakness seen in business loans in Sept as MAS data shows 0.2% dip

Singapore

LENDING to several business segments slipped, or remained, in negative territory in September from a month ago, contracting overall bank lending for the month.

Preliminary data from the Monetary Authority of Singapore showed on Wednesday that business lending inched down 0.2 per cent to S$404 billion in September from August, swinging from a 0.6 per cent rise the previous month.