Singapore's total bank lending in June climbed 0.7 percent from the previous month, according to statistics released Wednesday by the Monetary Authority of Singapore.

Consumer loans also rose 13.8 percent year on year to 216.4 billion Singapore dollars in June. Housing loans climbed 14.5 percent year on year to 159.9 billion Singapore dollars, but car loans fell 5.4 percent following new caps on vehicle loans earlier this year.

The total loans and advances by domestic banking units in Singapore rose to 532.5 billion Singapore dollars (419.3 billion U. S. dollars) in June, up from 528.8 billion Singapore dollars in May.

On year-on-year basis, the bank lending in June jumped 18 percent.

Loans to businesses jumped 20.4 percent year on year to 316.1 billion Singapore dollars in June, with increases seen across all sectors.

Singapore's central bank acknowledged recently it sees potential risks from the rising household leverage combined with rising property prices, but nevertheless said the local banking system remained sound as it has been subject to strict regulatory requirements.