Loans and advances by domestic banking units in the city-state amounted to S$582.2 billion (US$460.3 billion) last month, up from S$574.2 billion in December, according to the Monetary Authority of Singapore.
From a year earlier, January bank lending rose 16.5 per cent.
Loans and advances in Asian currency units (ACU) increased to S$488.4 billion in January from S$476.9 billion in December.
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