S'pore bank lending to China, India on the rise

[SINGAPORE] Singapore-based banks have been increasing their lending to the region, in particular to China and India, said the Monetary Authority of Singapore Financial Stability Review 2013.

"With the significant increase in lending to the two countries, loans to China and India now represent 9.2 per cent and 4.2 per cent, respectively, of total loans made by local banking groups and foreign banks located in Singapore," the Review said yesterday.

The increasing exposure to these two Asian giants should be seen in the context of their rising economic importance though banks must manage their risks, it said.

Singapore hosts a lar…