Lending activity in Singapore expanded in March, with total loans and advances to residents rising to SG$902.3 billion from SG$893.6 billion in February, according to preliminary data released by the Monetary Authority of Singapore on Thursday.
Of the total, loans to businesses grew to SG$547.59 billion from SG$541.49 billion a month prior.
Consumer loans rose to SG$354.67 billion in March from SG$352.16 billion a month earlier, with housing and bridging loans comprising SG$248.3 billion.
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