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Singapore bank lending rises in July

Lending to the general commerce sector rose to S$59.7 billion from June's S$56.4 billion

Reuters  |  Singapore 

Singapore'totalbanklendingroseinJulyfromthepreviousmonth,helpedbyincreasesingeneralcommerceloansandlendingtofinancialinstitutions,centralbankdatashowedonWednesday. Loansandadvancesbydomesticbanksinthecity-stateamountedtoS$597.2billioninJuly,datafromtheMonetaryAuthorityofSingaporeshowed,upfromS$590.5billioninJune. LendingtothegeneralcommercesectorrosetoS$59.7billionfromJune'sS$56.4billion,whileloanstofinancialinstitutionsrosetoS$75.8billionfromS$67.7billion. Housingandbridgingloansin ...

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First Published: Wed, August 31 2016. 08:06 IST
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