Jan 01, 2016

    Singapore's total bank lending up in November

    SINGAPORE'S total bank lending in November increased from the previous month, helped by a rise in loans to financial institutions, central bank data showed yesterday.

    Loans and advances by domestic banks in the city-state amounted to $603.9 billion last month, according to data from the Monetary Authority of Singapore.

    That compared with $601.7 billion in October.

    November bank lending was 0.7 per cent smaller than the year-ago level of $608.2 billion.

    Housing and bridging loans in November rose to $184.3 billion from $183.6 billion in October. These loans totalled $176.2 billion in November 2014.

    Loans and advances in non-Singapore Asian currencies were $560.6 billion in November, down slightly from $560.9 billion in October.