Singapore bank lending up 0.5% in Nov from Oct

BANK lending rose 0.5 per cent in November from October, easing slightly from a 0.7 per cent increase in October, preliminary Monetary Authority of Singapore data showed on Tuesday.

Loans through the domestic banking unit – which capture lending in all currencies, but reflect mainly Singapore-dollar lending – stood at S$692.73 billion in November, compared with S$689.4 billion a month ago. 

From a year ago, total lending rose 3.1 per cent.