Trade Lending

Commercial bank lending in Singapore grew to S$256.91 billion in May from S$203.80 billion a year ago, led by a jump in business loans on the back of robust construction activity, data from the Monetary Authority of Singapore showed on Monday.

Lending to businesses grew to S$148.56 billion from S$107.98 billion a year earlier, supported by a 51.7 percent increase in construction loans to S$45.58 billion and a 30 percent hike in loans to financial institutions to S$32.98 billion.

Consumer lending expanded to S$108.35 billion from S$95.82 billion on a 14.5 percent increase in housing and bridging loans to S$75.04 billion
Debt Lending .

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This entry was posted on Tuesday, July 1st, 2008 at 7:36 pm and is filed under Debt Lending. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.