Bank lending in Singapore increased by 0.2 per cent from a month ago, reversing from a slight contraction in January, preliminary data from the Monetary Authority of Singapore showed on Friday.BANK lending in Singapore increased by 0.2 per cent from a month ago, reversing from a slight contraction in January, preliminary data from the Monetary Authority of Singapore showed on Friday.
Loans through domestic banking units – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at S$672 billion in February, compared with S$671 billion a month ago. From a year ago, total lending rose 3.3 per cent in February. This was a shade stronger than the 3.2 per cent year-on-year gain posted in January.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: