Total bank lending in Singapore up 1.2% in July

Thanks to loan growth in these segments.

According to Reuters, total bank lending in Singapore rose 1.2 percent in July from June, with increases in loans for manufacturing, building and construction and general commerce. The results were released by the central bank on Friday.

Loans and advances by domestic banking units in the city-state amounted to S$539 billion ($423 billion)last month, up from S$532.5 billion in June.

Read full report here.

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