Total bank lending in Singapore fell in December to S$607.96 billion from $608.12 billion in November, the Monetary Authority of Singapore (MAS) revealed in its latest monthly statistical bulletin.
The drop comes after a rise posted in November from October following two consecutive months of decline.
The decline is attributed to a drop in loans to the manufacturing and general commerce sector, while banks lent more money to other sectors including building and construction.
Meanwhile, December housing and bridging loans increased to S$177.4 billion, from S$176.2 billion in November, and S$166.5 billion a year ago.
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg.
