SINGAPORE: Total bank lending in Singapore fell in February from the previous month, as a drop in loans to general commerce and financial institutions offset increases in loans to manufacturers, central bank data showed.
Loans and advances by domestic banks in the city-state amounted to $603.52 billion last month, compared with $607.47 billion in January, according to data from the Monetary Authority of Singapore.
February bank lending grew 3.3 per cent from $584.47 billion a year earlier.
Housing and bridging loans in February rose to $178.38 billion from $168.17 billion a year earlier. These loans stood at $178.27 billion in January.
