Singapore bank lending grows at a slower pace in December
Bank loans in Singapore grew by a smaller amount last month, dragged down by a slowdown in home loans and a continued decline in car loans.
Preliminary data released on Thursday by the Monetary Authority of Singapore (MAS) showed that total bank lending in December increased by 1.5 per cent to $574.2 billion compared with the previous month.
In November, $565.8 billion of bank loans were disbursed, an increase of 2.1 per compared with October's $554.3 billion of loans.
In the consumer segment, total loans crept up by just 0.3 per cent compared with the previous month, to $225 billion.