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Singapore bank lending almost flat in April

Published on May 30, 2014 12:16 PM

SINGAPORE - Bank lending in Singapore barely inched upwards in April over the previous month, extending a period of almost-flat growth that began in February.

Banks here lent a total of $591.1 billion to consumers and businesses, based on preliminary Monetary Authority of Singapore data released on Friday.

This is a 0.6 per cent rise over March, similar to the increase registered in March from February.

The numbers have been sluggish since February, when loan growth came in at 0.4 per cent over January.

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