Singapore Dec bank lending up 1.5 pct from Nov -c.bank
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)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.