SINGAPORE: Dec 31 Singapore’s total bank lending in November increased from the previous month, helped by a rise in loans to financial institutions, central bank data showed on Thursday.
Loans and advances by domestic banks in the city-state amounted to S$603.9 billion last month, according to data from the Monetary Authority of Singapore.
That compared with S$601.7 billion in October.
November bank lending was 0.7 percent smaller than the year-earlier level of $608.2 billion.
Housing and bridging loans in November rose to S$184.3 billion from S$183.6 billion in October. These loans totalled S$176.2 billion in November 2014.
Loans and advances in non-Singapore Asian currencies were S$560.6 billion in November, down slightly from S$560.9 billion in October.
– Reuters