Singapore's bank lending in April up 0.6%

Singapore's bank lending totaled 340.1 billion U.S. dollars in April, up from 338.0 billion U.S. dollars in March, according to statistics by the Monetary Authority of Singapore.

This represents a 0.6 percent increase.

The year-on-year growth for the month was 24 percent.

The loan growth has been slower as expected, analysts said, adding that they expect it to moderate further in the coming months on concerns about uncertainties in the global economy.

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