The Business Times
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Trade tension curbs Singapore bank lending in May

Published Fri, Jun 29, 2018 · 09:50 PM

    Singapore

    BANK lending may be "restrained" until the fog over trade tensions clears, said a top economist on Friday, as growth in business lending eased in May.

    Business loans through the domestic banking unit - which captures lending in all currencies, but reflects mainly Singapore-dollar lending - stood at S$403 billion in May, up 5.8 per cent from a year ago. This was weaker than the 6.1 per cent increase noted in April, the data showed.

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