The decline was heralded by a 0.9% drop in consumer loans to $255.9 billion in April, from $258.2 billion in March.
SINGAPORE (May 29): Bank lending in Singapore fell for the second consecutive month in April, with consumer loans falling sharper than business loans amid disruptions from the “circuit breaker” measures which kicked off on April 7.
Total loans slipped 0.4% month-on-month to $689.7 billion in April, from the $692.4 billion disbursed in March. Still, this is a 2% increase from the lending a year ago, the Monetary Authority of Singapore (MAS) outlined on Friday.
