Singapore Oct bank lending up 1.5 per cent from Sept

Singapore Oct bank lending up 1.5 per cent from Sept

Total bank lending in Singapore rose 1.5 per cent in October from September, central bank data showed on Friday.

Loans and advances by domestic banking units in the city-state amounted to $479.42 billion last month, up from $472.3 billion in September.

From a year ago, October bank lending rose 18 per cent.

Loans and advances in Asian currency units edged up to $381.44 billion in October from $380.66 billion in September.

For details of the latest monthly statistics, see www.mas.gov.sg

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