SINGAPORE - Bank lending in Singapore was flat in December, dipping 0.05 per cent to $692.4 billion in December from $692.73 billion a month ago, according to flash data from the Monetary Authority of Singapore on Friday (Jan 31).. Read more at straitstimes.com.
SINGAPORE - Bank lending in Singapore was flat in December, dipping 0.05 per cent to $692.4 billion in December from $692.73 billion a month ago, according to flash data from the Monetary Authority of Singapore on Friday .MAS figures for loans through domestic banks captures lending in all currencies but reflects mainly Singapore-dollar lending.
From a year ago, total borrowing in December rose 3.1 per cent compared with the same period in 2018, the data showed.Loans to most sectors, including building and construction, general commerce and financial institutions, rose, but their amounts were not enough to offset the overall dip. Sectors that recorded a drop in lending include agriculture, mining and quarrying, manufacturing and transport, storage and communication.
Consumer lending also edged down 0.1 per cent to $262.79 billion in December due to a fall in housing and bridging loans, car and share financing loans. Housing loans, which make up about three-quarters to consumer lending, slipped 0.1 per cent to $200.74 million.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore bank lending flat in Dec from NovSingapore bank lending flat in Dec from Nov
Read more »
Israeli defence minister pushes to extend Israeli sovereignty to West Bank settlementsJERUSALEM (REUTERS) - A leading government hawk called on Wednesday (Jan 29) for Israel to establish sovereignty over nearly a third of the occupied West Bank, hours after US President Donald Trump announced a Middle East peace plan that Palestinians said amounted to apartheid.. Read more at straitstimes.com.
Read more »
Focus at Goldman's first investor day will be on its consumer bank MarcusAs Goldman Sachs Group Inc approaches its first-ever investor day on Wednesday, all eyes are on its tiniest business division, the consumer bank, ...
Read more »
GIC said to buy 20% stake in Yoma Bank, adding to Myanmar dealsSINGAPORE (BLOOMBERG) - Singapore's sovereign wealth firm GIC has bought a substantial stake in Myanmar's Yoma Bank as the country seeks to attract more foreign capital from across the region.. Read more at straitstimes.com.
Read more »
Jump in pound before Bank of England rate announcement prompts questionsLONDON (REUTERS) - Britain's markets watchdog will investigate a jump in the pound that occurred just before Thursday's (Jan 30) Bank of England's interest rate announcement, leading some in the market to ask whether any participants knew of the decision before it became public.. Read more at straitstimes.com.
Read more »
Singapore bank lending flat in Dec from NovSingapore bank lending flat in Dec from Nov
Read more »