Friday 26 Apr 2024
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SINGAPORE (Oct 31): Total bank lending in Singapore barely changed in September from August as loans to 
financial institutions rose, offsetting falls in lending to manufacturing, building and construction, central bank data showed on Friday. 

Loans and advances by domestic banking units in the city-state amounted to $604.5 billion last month, compared to $604.6 billion in August, according to the Monetary Authority of Singapore. 

September bank lending grew 10.6% from $546.6 billion a year earlier. 

Housing and bridging loans in September increased to $174.5 billion from $163.8 billion a year earlier and $173.5 billion in August.

Loans and advances in Asian currency units (ACU) were at $527.3 billion in September, compared to $521.3 billion in August. ACU refers to loans denominated in currencies other than the Singapore dollar. 

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