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Singapore June bank lending rises 7.6% on-year

Reuters Published on Mon, Jul 31, 2017 / 12:52 PM GMT+8

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SINGAPORE (July 31): Singapore's total bank lending in June rose 7.6% compared to a year earlier, helped by increases in housing and bridging loans, central bank data showed on Monday.

Loans and advances by domestic banking units in the city-state amounted to $635.5 billion last month, up from $590.4 billion in June last year.

Total bank lending in June also rose slightly compared to the previous month, when total bank lending stood at $633.2 billion.

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Singapore June bank lending rises 7.6% on-year