Bank lending in the Republic fell for the fourth straight month in March as Singapore dollar loans to businesses continued to weaken, the Monetary Authority of Singapore's (MAS) latest monthly statistical bulletin showed on Thursday (Apr 30).
Total loans and advances amounted to S$601.12 billion at the end of March, according to provisional data, down from S$603.52 billion at end-February.
Loans to businesses fell 0.8 per cent month-on-month to S$363.51 billion, but consumer loans edged up 0.2 per cent to S$237.60 billion.
Credit card loans declined to S$9.94 billion in March from S$10.17 billion in February. Rollover balances also fell, to S$5.36 billion from S$5.77 billion in February.