Bank loans up 6.3% from a year ago

Total lending value sits at $627.9b.

Singapore bank lending registered a 6.3% growth in March, up to $627.9b from last year's $590.6b.

The latest figures by MAS showed that the growth was underpinned by the increased loans for building & construction, financial institution, and general commerce.

Total business loans went up to $376.6b from $348.4b a year ago.

Consumer loans also expanded in March at $251.4b. This was driven by housing & bridging loans and credit cards.

On a monthly basis, March loans were up by a measly 0.1% from February's $627.4b loan value.

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