March’s showing was led by a 0.7% m-o-m increase in consumer loans to $263.60 billion.
The increase in Singapore’s bank lending continued for the fifth consecutive month in March, following higher housing loans.
Total loans from the domestic banking unit – which captures lending in all currencies, but mainly reflects Singapore dollar lending – came in at $691.23 billion. This is up 0.7% from the $686.73 billion disbursed in February, the Monetary Authority of Singapore (MAS) announced on Apr 30.
