Singapore March bank loans hit strong pace on trade, oil sector, home loans
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
BANK lending in Singapore surged in March from a year ago at the strongest pace since November 2014, led by stronger business lending that reflects gains in trade loans, loans to oil-related companies, as well as in mortgages.
Bank lending gained 6.3 per cent to S$628 billion last month, albeit following several months of contraction in most of 2016, preliminary data from the Monetary Authority of Singapore on Friday showed.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
