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Singapore Nov bank lending rises 2.1 pct from Oct
December 31, 2013 / 2:12 AM / 4 years ago

Singapore Nov bank lending rises 2.1 pct from Oct

SINGAPORE, Dec 31 (Reuters) - Total bank lending in Singapore rose 2.1 percent in November from October, helped by a rise in loans to the building and construction sectors, central bank data showed on Tuesday.

Loans and advances by domestic banking units in the city-state amounted to S$565.8 billion ($446.4 billion) last month, up from S$554.3 billion in October.

From a year earlier, November bank lending rose 17.4 percent.

Loans and advances in Asian currency units (ACU) rose to S$468.8 billion in November from S$448.5 billion in October.

The ACU market refers to loans denominated in currencies other than the Singapore dollar.

For details of the latest monthly statistics, see www.mas.gov.sg

$1 = 1.2676 Singapore dollars Reporting by Masayuki Kitano; Editing by John Mair

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