Singapore Resident Loans Hit SG$908.4 Billion in April
MT Newswires05-29 13:17
Lending activity in Singapore expanded in April, with total loans and advances to residents rising to SG$908.4 billion from SG$902.3 billion in March, according to preliminary data released by the Monetary Authority of Singapore on Friday.
The expansion was led by corporate demand, with loans to business enterprises growing to SG$551.3 billion, compared to SG$547.6 billion a month prior.
Consumer loans rose to SG$357.1 billion in April from SG$354.7 billion a month earlier, with housing and bridging loans comprising SG$249.9 billion.
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