Wednesday, October 31, 2012

Singapore Sept bank lending up 0.7% from Aug

Total bank lending in Singapore rose 0.7% in September from August, central bank data showed on Friday.

Loans and advances by domestic banking units in the city-state amounted to $472.3 billion last month, up from $468.8 billion in August.

From a year ago, September bank lending rose 16%.

Housing loans to consumers rose to $145.0 billion in September from $143.3 billion in August.

Loans and advances in Asian currency units, however, fell to $380.7 billion in September from $383.5 billion in August.

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