Lending activity in Singapore contracted year over year in February, with total loans and advances to residents falling to SG$893.6 billion from SG$841.1 billion in the same month a year prior.
The latest figure, however, is up from SG$887.5 billion recorded in January, according to preliminary data released by the Monetary Authority of Singapore on Tuesday.
Of the total, consumer loans rose to SG$352.2 billion from SG$350.4 billion in January, with housing and bridging loans comprising SG$246.8 billion.
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