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Singapore September bank lending falls further on prolonged weakness in business loans

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Published Fri, Oct 30, 2020 · 09:50 PM

    Singapore

    SINGAPORE's bank lending in September dipped for the seventh straight session, as continued weakness in business loans more than offset the rise in consumer loans.

    Loans to businesses fell 0.3 per cent to S$421.28 billion in September, from S$422.54 billion in August, marking the sixth straight month of contraction, fresh data from the Monetary Authority of Singapore showed on Friday.

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