Singapore October bank lending up on manufacturing, commerce loans
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Singapore's total bank lending in October rose with loans to manufacturing and general commerce increasing.
ST PHOTO: CAROLINE CHIA
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SINGAPORE (REUTERS) - Singapore's total bank lending in October rose with loans to manufacturing and general commerce increasing, central bank data showed on Wednesday.
Loans and advances by domestic banks in the city-state amounted to S$608.0 billion in October, according to data from the Monetary Authority of Singapore. That compared with S$603.4 billion in September.
Lending to the manufacturing sector grew to S$25.4 billion in October from September's S$23.9 billion, while loans to general commerce increased to S$61.6 billion last month from S$59.5 billion.
Housing and bridging loans in October rose to S$190.1 billion from September's S$189.0 billion. In October 2015, housing and bridging loans amounted to S$183.6 billion.
