Singapore bank lending falls in December

Nikki Diane De GuzmanJanuary 30, 2015

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.

 

PropertyMarketOutlook2015-DailyNews

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