Singapore's total bank lending up 0.3%

Slight increases recorded in these segments.

According to a report by Reuters, total bank lending in Singapore rose 0.3 percent in August from July, helped by small increases in lending to transport, storage and communication businesses as well a rise in housing loans, central bank data showed on Monday.

Loans and advances by domestic banking units in the city-state amounted to S$540.79 billion ($430.74 billion) last month, up from S$539.01 billion in July.

From a year earlier, August bank lending rose 15 percent.

Loans and advances in Asian currency units (ACU) rose to S$438.98 billion in August from S$433.56 billion in July.

The ACU market refers to loans denominated in currencies other than the Singapore dollar.

Read full report here.

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