Singapore bank lending dips in June

SINGAPORE (Reuters) - Singapore' total bank lending fell in June on smaller loans to manufacturing and financial sectors, central bank data showed on Friday (July 29).

Loans and advances by domestic banks amounted to S$590.5 billion in June, data from the Monetary Authority of Singapore showed, down from S$592.8 billion in May.

Lending to the manufacturing sector declined to S$27.3 billion from May's S$29.1 billion, while loans to financial institutions decreased to S$67.7 billion from S$69.7 billion.

Housing and bridging loans in June grew to S$187.2 billion from May's S$186.5 billion.