01 Apr '11, 11am

TODAYonline | Business | Rise in S'pore bank lending, largely ...: SINGAPORE - Total bank lending in Singapore r...

SINGAPORE - Total bank lending in Singapore rose 17.3 per cent in February to S$334 billion from a year earlier, data released by the Monetary Authority of Singapore showed. Month-on-month lending rose 1.6 per cent - lower than the 1.8 per cent rise in January. Higher housing loans to consumers were among the big contributors to last month's rise in total bank lending. But analysts expect this segment to slow down in the coming months as the recent cooling measures take effect on the property market. Although housing and bridge loans increased 23 percent on-year, it showed a less than 1 per cent increase from the previous month, signalling the start of a gradual slowdown for housing demand, analysts said. "We are seeing a steady plateauing in the number. There could be some downside going forward but this is pretty much in line with the government's objective to cool the p...

Full article: http://www.todayonline.com/Business/EDC110401-0000076/Ris...

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