Singapore’s overall bank financing in January slowed for the very first time in four months, as a result of drop in general business, central bank data showed on Tuesday.
Loans and loans by national banking units in the city state amounted to S$617.1 billion last month, facilitating from S$617.3 billion in December.
Bank financing in January increased 2.82 per cent from a year before.
Loans and loans in Asian currency units (ACU) increased 0.5 per cent to S$540.8 billion in January from S$538.2 billion in December.
The ACU marketplace refers to loans denominated in currencies besides the Singapore dollar.