Singapore Jun bank lending up 3 pct m/m, up 26 pct y/y

Reuters, 29 Jul 2011
(Reuters) - Total bank lending in Singapore rose 3 percent to S$374.3 billion ($311.4 billion) in June from S$363.3 billion in May, central bank data showed on Friday.
From a year ago, bank lending in the city-state gained 26 percent.
Housing loans to consumers rose to S$121.3 billion from S$119.7 billion in May.
According to MAS, the average loan-to-value ratio for housing loans by banks was 44.3 percent in the second quarter, up from 44.1 percent in the first three months of 2011. Full story