Singapore Sept bank lending rises 1.1% from Aug

A customer uses a DBS Group Holdings Ltd. automated teller machine (ATM), standing between the ATMs of United Overseas Bank Ltd and Oversea-Chinese Banking, at Changi Airport in Singapore, on Thursday, July 28, 2011. Loans and advances by domestic ba
A customer uses a DBS Group Holdings Ltd. automated teller machine (ATM), standing between the ATMs of United Overseas Bank Ltd and Oversea-Chinese Banking, at Changi Airport in Singapore, on Thursday, July 28, 2011. Loans and advances by domestic banking units in the city-state amounted to $546.6 billion last month, up from $540.8 billion in August. -- ST FILE PHOTO : BLOOMBERG 
Updated
Jan 23, 2016, 05:54 AM
Published
Oct 31, 2013, 01:02 PM

SINGAPORE (Reuters) - Total bank lending in Singapore rose 1.1 per cent in September from August, helped by an increase in loans for general commerce and business services, central bank data showed on Thursday.

Loans and advances by domestic banking units in the city-state amounted to $546.6 billion last month, up from $540.8 billion in August.

From a year earlier, September bank lending rose 16 per cent.

Loans and advances in Asian currency units (ACU) rose to $446.3 billion in September from S$439.0 billion in August.

The ACU market refers to loans denominated in currencies other than the Singapore dollar.

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