Singapore's Bank Loans Jump to New Record in September
Singapore's banking sector lent SG$978.8 billion to consumers and businesses in September, up from SG$966.4 billion in August, according to data from the Monetary Authority of Singapore released on Friday.The latest figure marked a fresh record high, beating the Trading Economics forecast of SG$909.5 billion.Business loans stood at SG$591.4 billion, while consumer loans totaled SG$387.4 billion.
