Total bank lending rose 1.7% to $318.5 billion in November from $313.3 billion in October, central bank data showed on Friday. Housing loans to consumers rose 1.7% to $110.9 billion from $109.1 billion in October.
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Total bank lending rose 1.7% to $318.5 billion in November from $313.3 billion in October, central bank data showed on Friday. Housing loans to consumers rose 1.7% to $110.9 billion from $109.1 billion in October.
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Housing loans to consumers rose 2.1% to $109.1 billion from $106.9 billion in September.
Housing loans to consumers rose 1.7% to $106.87 billion from $105.08 billion in August.
Housing loans to consumers rose 1.5% to $105.08 billion from $103.57 billion in July.
Singapore Exchange (SGX) said today it is enhancing its Securities Borrowing and Lending (SBL) service to bring additional benefits for investors and SGX central depository account holders.
With the enhanced service, over 80% of the total listed stocks on SGX Mainboard and Catalist are now eligible for lending or borrowing via The Central Depository (CDP). The number of stocks eligible for lending increased from approximately 150 to over 600. Investors now have expanded opportunity to lend out their stocks and institutional borrowers can have access to a larger pool of different stocks from CDP.
Housing loans to consumers rose 2.6% to $101.13 billion from $98.55 billion in May.
Bank lending growth in Singapore likely to continue for rest of this year, driven by demand for housing loans, says Citigroup, according to Dow Jones.
Total loans in May +8.0% on-year, +1.5% on-month, with housing loans +20.7% on-year, according to latest official data.
“We expect double-digit mortgage growth to sustain through year-end despite several rounds of property cooling measures. The property rally should also trigger a recovery in the construction loan cycle which, together with broader investment spending, should aid further recovery in business lending,” Citi says.
Housing loans to consumers rose 2% to $98.55 billion to in May from $96.61 billion in April.
Housing loans to consumers rose 1.7% to $96.61 billion April from $94.96 billion in March.
Housing loans to consumers rose 1.4% in March to $94.96 billion from $93.6 billion in February.
USA Today points out:Banks that received federal assistance during the financial crisis reduced lending more aggressively and gave bigger pay raises to employees than institutions that didn’t get aid, a USA TODAY/American University review found.***•…
Housing loans to consumers rose 0.9% in February to $93.6 billion from $92.8 billion in January.