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Robust business loans save the day for bank lending in June

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ROBUST business loans more than offset the decline in residential mortgages, resulting in a 0.8 per cent month-on-month increase in total bank lending for the month of June. Read more at The Business Times.

Monetary Authority of Singapore preliminary data on Wednesday showed that loans to businesses came in stronger at S$423.5 billion in June, up 1.3 per cent month on month and 3.

8 per cent year on year.ROBUST business loans more than offset the decline in residential mortgages, resulting in a 0.8 per cent month-on-month increase in total bank lending for the month of June.To continue reading

 

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Further drop in housing loans but business lending, total loans rise in June: MAS dataHOUSING loans in Singapore extended its slide in June, but the drop was more than offset by higher lending to businesses, resulting in an increase in total loans for the month. Read more at The Business Times.
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