SINGAPORE - Consumers and businesses borrowed more from banks in August than they did in the same month last year although recent new rules on lending appear to be reining in loan growth.
Total bank lending, regarded as a key indicator of economic activity, grew 15.4 per cent to $540.8billion in August compared with the same month last year, according to preliminary Monetary Authority of Singapore figures yesterday.
Tagged in:
Annual Global Competitiveness Report
Car Cooling measures
Certificate of Entitlements COE
Economic Activity Key Indicator
Global Economic Conditions
Global Economic Growth
Global Economic Recovery
Global Power City Index
Manufacturing Sector
Monetary Authority of Singapore MAS
Private Residential Property Price Index
Property Cooing measures
Total bank lending