Singapore's bank lending rises 0.8 pct in April from month earlier
SINGAPORE, May 31 (Reuters) - Singapore’s total bank lending rose 0.8 percent in April from a month earlier as loans to businesses increased, central bank data showed on Thursday.
Loans and advances by domestic banking units in the city-state amounted to S$667.1 billion last month, up from S$661.6 billion in March.
Bank lending in April rose 5.7 percent from a year earlier.
Loans and advances in Asian currency units (ACU) fell to S$618.8 billion in April from S$613.5 billion in March.
The ACU refers to transactions in currencies other than the Singapore dollar. (Reporting by Fathin Ungku; Editing by Sunil Nair)