Singapore May bank lending up on higher manufacturing loans

June 30, 2016 2:08 AM

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SINGAPORE, June 30 Singapore's total bank lending in May rose from April on stronger demand for manufacturing loans, central bank data showed on Thursday.

Loans and advances by domestic banks in the city-state amounted to S$592.8 billion ($439.3 billion) in May, data from the Monetary Authority of Singapore showed, up from S$589.8 billion in April.

Also read: Singapore Oct bank lending up on manufacturing, commerce loans

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