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Bank lending rises slightly faster in March following quiet February

Published on Apr 30, 2014 7:01 PM
 
People using United Overseas Bank (UOB), Development Bank of Singapore (DBS) and Oversea-Chinese Banking Corp (OCBC) automated teller machines at the airport in Singapore April 30, 2014. Bank lending grew at a slightly faster pace last month, after a quiet February. -- PHOTO: REUTERS

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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