Singapore Dec bank lending up 1.5 pct from Nov -c.bank

SINGAPORE Wed Jan 29, 2014 11:16pm EST

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SINGAPORE Jan 30 (Reuters) - Total bank lending in Singapore rose 1.5 percent in December from November, led by loans to financial institutions, central bank data showed on Thursday.

Loans and advances by domestic banking units in the city-state amounted to S$574.2 billion ($450.12 billion) last month, up from S$565.8 billion in November, according to the Monetary Authority of Singapore.

From a year earlier, December bank lending rose 17.0 percent.

Loans and advances in Asian currency units (ACU) increased to S$476.9 billion in December from S$468.8 billion in November.

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

For details of the latest monthly statistics, see www.mas.gov.sg

($1 = 1.2757 Singapore dollars) (Reporting by Jongwoo Cheon; Editing by Jacqueline Wong)

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