Singapore Feb bank lending up 1% from Jan

Total bank lending in Singapore rose 1% in February from January, central bank data showed on Friday.

Bank lending in the city-state was $426.4 billion last month, up from $422.1 billion in January. Bank lending rose 28% in February from a year earlier.

Housing loans to consumers rose to $133.8 billion in February from $132.7 billion in January.

Singapore banks have seen strong loan growth in recent months, helped by market share gains in areas such as trade finance as European banks reduce their emerging markets exposure.