Singapore bank loans up 17.7% in June

The logo of the Monetary Authority of Singapore (MAS) is pictured at its building in Singapore in this Feb 21, 2013 file photo. Bank lending in Singapore continued to rise at a healthy pace last month, climbing 17.7 per cent to $532.5 billion from a
The logo of the Monetary Authority of Singapore (MAS) is pictured at its building in Singapore in this Feb 21, 2013 file photo. Bank lending in Singapore continued to rise at a healthy pace last month, climbing 17.7 per cent to $532.5 billion from a year ago, data from the Monetary Authority of Singapore showed on Wednesday. -- FILE PHOTO: REUTERS 

Bank lending inSingapore continued to rise at a healthy pace last month, climbing 17.7 per cent to $532.5 billion from a year ago, data from the Monetary Authority of Singapore showed on Wednesday.

There was growth in lending across all business sectors. Loans to businesses grew 11.2 per cent overall from a year ago to $30.9 billion,

Consumer loans rose in all areas except one - car loans fell 5.4 per cent in June from a year ago as the loan curbs introduced in February continued to bite.

Cooling measures implemented in the property market, however, failed to dent a rise in housing loans, which advanced 14.5 per cent over the past year to $159.9 billion.