Reuters: Financial Services and Real Estate: Singapore March bank lending up 1.5 pct from Feb

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Singapore March bank lending up 1.5 pct from Feb Apr 30th 2012, 02:17 SINGAPORE, April 30 | Sun Apr 29, 2012 10:17pm EDT SINGAPORE, April 30 (Reuters) - Total bank lending in Singapore rose 1.5 percent in March from February, central bank data showed on Monday. Bank lending in the city-state was S$432.6 billion ($349.29 billion) last month, up from S$426.4 billion in February. Bank lending rose 26 percent in March from a year earlier. Housing loans to consumers rose to S$134.8 billion in March from S$133.8 billion in February. Singapore banks have seen strong loan growth in recent months, helped by market share gains in areas such as trade finance as European banks reduce their emerging markets exposure. DBS CEO Piyush Gupta said on Friday the bank's loans growth is likely to slow to the "low teens" this year from last year's 28 percent rise. For details of the latest monthly statistics, see www.mas.gov.sg ($1 = 1.2385 Singapore dollars) (Reporting by Kevin Lim; Editing by Jacqueline Wong)

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