Total bank lending in Singapore increased in April, data published by the Monetary Authority of Singapore revealed Thursday.
Total loans and advances in April was S$435.3 billion, higher than S$432.61 billion in March and S$351.1 billion in April last year.
Housing loans to consumers rose to S$136.1 billion in April from S$134.8 billion in March.
Lending to businesses improved to S$249.8 billion from S$248.9 billion in the preceding month. Manufactures alone received S$21.4 billion in loans last month.
by RTT Staff Writer
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