Singapore bank lending flat in December: MAS data

File photo of the Monetary Authority of Singapore building in Shenton Way.
File photo of the Monetary Authority of Singapore building in Shenton Way.PHOTO: ST FILE

SINGAPORE - Bank lending in Singapore was flat in December from a month ago on broad weakness across both business and consumer loans, preliminary data from the Monetary Authority of Singapore showed on Thursday (Jan 31).

Loans through the domestic banking unit - which captures lending in all currencies, but reflects mainly Singapore-dollar lending - stood at $671.7 billion in December, compared with $671.9 billion a month ago.

From a year ago, total lending rose 3 per cent.