bank lending

Bank lending was up 1.5% in June, the fastest it has grown since July 2020.

Singapore’s bank lending rose for the fifth consecutive month in March.

Singapore’s bank lending rose for the fourth consecutive month in February.

Singapore’s bank lending increased in January following higher loans to businesses.

Singapore’s bank lending increased in December, thanks to the continued growth in housing loans.

Total bank lending dipped 0.3% month-on-month to $677.46 billion in October.

Singapore’s bank lending dipped for the seventh month in September, following a decline in both business and consumer loans.

August’s bank lending level slipped as loans to businesses and consumers fell.

Singapore’s banks are still experiencing broad-based business contraction, says CGS-CIMB, and while credit growth may pick up as GDP recovers, the end of moratoriums could deepen asset quality pressures.

A month has passed with Singapore’s bank lending rate declining as both business and consumer loans took a hit.