Singapore Nov Lending Rises; Money Supply Growth Slows

31/12/2013 12:33 AST

Singapore's bank lending increased 17.4 percent year-on-year to S$565.79 billion in November, the Monetary Authority of Singapore said Tuesday.

At the same time, consumer loan rose 9.5 percent to S$224.35 billion.

M1, the narrow measure of money supply, grew 11.9 percent annually in November, but slightly slower than the 13.4 percent growth logged in October. M1 covers currency in circulation and demand deposits.

M3, that include M1, quasi money, and net deposits at non-bank institutions, advanced 5.2 percent from the prior year. The rate was below the 6.9 percent increase seen in October.


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