Singapore bank lending up 0.1% in April
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Bank lending inched up 0.1 per cent in April on higher consumer loans, data from the Monetary Authority of Singapore showed yesterday.
Loans through the domestic banking unit - which captures lending in all currencies but reflects mainly Singapore-dollar lending - came in at $692.17 billion in April, from $691.23 billion in March.
Loans to consumers grew 0.3 per cent month on month to $264.48 billion in April.
Housing loans, which make up three-quarters of consumer lending, extended their growth streak for the eighth straight month, up 0.4 per cent to $204.65 billion.
Total loans to businesses came in flat at $427.69 billion.
Loans to the single-largest business segment - building and construction - rose 0.3 per cent to $152.15 billion in April to reverse the 0.3 per cent decline in March.
Year on year, total bank lending was up 0.4 per cent.
THE BUSINESS TIMES
