Total bank lending slips in April as business loans shrink

For the fourth straight month this year.

Total bank lending slipped to $594.2b in April, a decrease from $601.1b in the preceding month.

This was on back of lower loans to businesses. General commerce loans fell, along with loans to financial institutions and loans to transport, storage and communication firms.

Consumer loans also declined marginally on back of lower car loans.

Total bank lending has been on a steady decline since January this year.

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