Singapore May bank lending up on higher manufacturing loans

[SINGAPORE] Singapore's total bank lending in May rose from April on stronger demand for manufacturing loans, central bank data showed on Thursday.

Loans and advances by domestic banks in the city-state amounted to S$592.8 billion in May, data from the Monetary Authority of Singapore showed, up from S$589.8 billion in April.

Lending to the manufacturing sector increased to S$29.1 billion in May from April's S$27.6 billion.

Housing and bridging loans in May grew to S$186.5 billion from April's S$185.9 billion.

REUTERS