SINGAPORE: Total bank lending in Singapore fell in March from the previous month on a drop in loans to manufacturers and financial institutions, central bank data showed on Thursday.
Loans and advances by domestic banks amounted to $601.1 billion last month, compared with $603.5 billion in February, according to data from the Monetary Authority of Singapore.
March bank lending grew 2.3 per cent from $587.7 billion a year earlier.
Housing and bridging loans in March rose to $179.1 billion from $168.9 billion a year earlier. These loans stood at $178.4 billion in February.
