Singapore's total bank lending up 1.5% in December

Led by loans to financial institutions.

According to a report by Reuters, total bank lending in Singapore rose 1.5 percent in December from November, led by loans to financial institutions, central bank data showed on Thursday.

Loans and advances by domestic banking units in the city-state amounted to S$574.2 billion ($450.12 billion) last month, up from S$565.8 billion in November, according to the Monetary Authority of Singapore.

Read full report here.

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