Singapore’s total bank lending in February fell from the month before as loans to general commerce, preliminary data from the Monetary Authority of Singapore (MAS) released on Thursday (31 March) revealed.
Bank lending in February also fell 1.2 percent from a year ago, at the same pace as the contraction recorded in January.
Loans and advances through domestic bank units amounted to S$596.2 billion last month, down from S$600.2 billion in January.
Meanwhile, housing and bridging loans in stood at S$185.3 billion last month, staying at the level as that in January. These loans totalled S$178.4 billion in the same period last year.
Nikki De Guzman, Editor at CommercialGuru, wrote this story. To contact her about this or other stories email nikki@propertyguru.com.sg
