February’s showing was led by a 0.5% m-o-m increase in business loans to $424.76 billion.
The increase in Singapore’s bank lending continued in February for the fourth consecutive month, thanks to higher housing and construction loans.
Total loans from the domestic banking unit – which captures lending in all currencies, but mainly reflects Singapore dollar lending – came in at $686.73 billion. This is up 0.5% from the $683.59 billion disbursed in January, the Monetary Authority of Singapore (MAS) revealed on Mar 31.
