SINGAPORE: Singapore’s total bank lending in February fell from January on a decline in loans to general commerce, central bank data showed on Thursday.
Loans and advances by domestic banks in the city-state amounted to S$596.2 billion in February, data from the Monetary Authority of Singapore showed.
That was about 0.7 per cent lower compared with S$600.2 billion in January.
February bank lending slid 1.2 per cent from the year-earlier level of S$603.5 billion.
Housing and bridging loans in February stood at S$185.3 billion, similar to January’s level. These loans totalled S$178.4 billion in February last year.
Loans and advances in non-Singapore Asian currencies (ACU) totalled at S$533.0 billion in February, down from S$545.9 billion in January.
