Chart of the Day: Singapore bank loans up 0.9% in July

Uploaded By:  Frances Gagua Submitted By:  Staff Reporter Case Study:  No This was driven by a 1.9% growth in business loans. This chart from Jefferies Equity Research shows that system rose 0.9% YoY in July, driven by a 1.9% growth in business loans. This was offset by consumer loans shrinking 2.4% YoY over the same period. Compared to May, system loans declined 1%, with business loans contracting 1.4% MoM whilst consumer loans dipped 0.4% MoM. This indicates a slowing pace of shrinkage of the consumer loan book, according to Krishna Guha, analyst at Jefferies. read more