Sunday, April 1, 2012

Business lending up 1.5% in Feb

Business Times: Sat, Mar 31
BANK lending to businesses grew 1.5 per cent in February, after stalling in January, driving overall banking loans up by one per cent.

Singapore-dollar business loans made by banks here reached $244.3 billion at the end of February, while total Sing-dollar bank loans stood at $426.4 billion.

Compared with a year ago, business loans were 36.3 per cent higher, though that growth was slower than the 37.4 per cent year-on-year growth in January...

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