Singapore's banking sector lent SG$978.8 billion to consumers and businesses in September, up from SG$966.4 billion in August, according to data from the Monetary Authority of Singapore (MAS) released on Friday.
The latest figure marked a fresh record high, beating the Trading Economics forecast of SG$909.5 billion.
Business loans stood at SG$591.4 billion, while consumer loans totaled SG$387.4 billion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments