SINGAPORE: Singapore’s total bank lending fell in April from the previous month on a decline in loans to financial institutions and general commerce, central bank data showed here the other day.
Loans and advances by domestic banks in the city-state amounted to S$594.3 billion last month, compared with S$601.1 billion in March, according to data from the Monetary Authority of Singapore.
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April bank lending grew 0.6 per cent from S$591.1 billion a year earlier.
Housing and bridging loans in April rose to S$179.3 billion from S$169.5 billion a year earlier. These loans totalled at S$179.1 billion in March.
