Chart of the Day: Singapore banks' business loans up 4.5%

It’s a growth not seen since August 2015.

The latest figures from MAS showed that system business loans grew 4.5%.

According to Maybank KimEng, this is a level not seen since August 2015. The strong results came with the improvement in system lending to Building and Construction, which recorded a 5.2% growth recently.

General commerce also posted a growth of 3.9%, whilst loans to financial institutions increased 12.3%.

Only loans for Agriculture, Mining and Quarrying, and Manufacturing bucked the trend, registering declines of 3.2% and 2.1%, respectively.

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