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Housing and bridging loans up 7.0% in July: MAS
Total bank lending rose 10.8% year-on-year.
Local banks released more housing and bridging loans in July this year, as total bank lending rose 10.8% year-on-year.
Data released today by the Monetary Authority of Singapore revealed that total loans of Domestic Banking Units reached $597.4 billion last month, compared to $539 billion in July last year.
Housing and bridging loans grew to $172.6 billion, up 7% from $161.2 billion in July last year.
Lending to non-bank customers rose across the board year-on-year, except for manufacturing loans and car loans.
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