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Singapore March bank lending up 6.33 percent y/y to S$627.9 billion

by April 28, 2017 General

(Reuters) – Singapore’s total rose 6.33 percent in March from a year earlier, on the back of increased to general commerce and professional and private individuals, central data showed on Friday.

Loans and advances by domestic banking units in the city-state amounted to S$627.9 ($449.91) last month, rising from S$627.4 billion in February.

Loans and advances in Asian currency units (ACU) rose 0.3 percent to S$542.9 billion in March, from S$541.3 billion in February.

The ACU market refers to loans denominated in currencies other than the dollar.

($1=1.3956 dollars)

(Reporting by Fathin Ungku; Editing by)

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