The total bank lending in Singapore in June was 597.7 billion Singapore dollars (482 billion U.S. dollars), up a modest 0.3 percent from the previous month, the Monetary Authority of Singapore said on Thursday.
On a year-on-year basis, the total bank lending in June rose 12. 3 percent.
Housing and bridging loans in June rose 0.6 percent month on month to 171.8 billion Singapore dollars (138.5 billion U.S. dollars). Consumer loans also rose 0.6 percent to 230.4 billion Singapore dollars (185.8 billion U.S. dollars). This includes credit cards lending, which rose nearly 2 percent to 9.85 billion Singapore dollars (7.9 billion U.S. dollars).
Loans to businesses fell 0.3 percent to 367.3 billion Singapore dollars (296.2 billion U.S. dollars) in June.