SINGAPORE– Total bank lending in Singapore rose 1.2 per cent in May from April, central bank data showed on Friday.
Loans and advances by domestic banking units in the city-state amounted to S$528.8 billion last month, up from S$522.3 billion in April.
From a year earlier, May bank lending rose 18.8 per cent.
Loans and advances in Asian currency units (ACU) rose to S$431.7 billion in April from S$417.8 billion in April. The ACU market refers to loans denominated in currencies other than the Singapore dollar.