Bank lending slipped for the third straight month in February

Total loans stood at $603.5b last month.

Domestic bank lending slipped for the third straight month in February, data released by the Monetary Authority of Singapore (MAS) showed today.

Total loans and advances from domestic banking units (DBUs) stood at $603.5 billion in February, down from $607.5b in January.

Loans to businesses slipped to $366.4b, down considerably from $370.3b in January.

Declines were recorded for loans to the building and construction, general commerce, business services, and finance sectors.

On the other hand, loans to the mining and quarrying, manufacturing, and transport sectors grew on a month on-month basis.

Consumer loans were relatively flat at $237.1b, compared to $237.2b in January.

Total bank lending has been on a downtrend since November 2014. After reaching a high of $608.2b in November, it declined to $607.9b in December and again to $607.5b in January.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia