Bank lending rises slightly faster in March following quiet February
Published on Apr 30, 2014 7:01 PM
Bank lending grew at a slightly faster pace last month, after a quiet February.
Overall bank loans - to both the consumer and business segments - came in at $587.7 billion in March, based on preliminary data from the Monetary Authority of Singapore on Wednesday.
This was a 0.55 per cent rise from February, when bank loans had grown at a modest 0.4 per cent from the month before.
But it is still much lower than the 1.4 per cent hike registered in January from December.
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