Singapore Aug bank lending falls for 6th straight session

Business lending fell 0.4% but loans to the construction industry continued to grow, up 0.8 per cent from July, to S$150b; consumer loans growth also rose 0.3%


BANK lending in Singapore in August fell for the sixth straight session over the month, preliminary data from the Monetary Authority of Singapore showed on Wednesday.

This was largely driven by weaker business lending.

Loans through the domestic banking unit -