Loans and advances by domestic banking units in the city-state amounted to S$604.6 billion (474.75 billion US dollars) last month, compared to S$597.4 billion in July, according to the Monetary Authority of Singapore.
August bank lending rose 11.8 percent from S$540.8 billion a year earlier. Housing and bridging loans grew 6.6 percent year-on-year in August to S$173.5 billion from S$162.7 billion in August 2013, according to the central bank data.
The loans stood at S$172.6 billion in July. Loans and advances in Asian currency units (ACU) were at S$521.3 billion in August, compared to S$524.4 billion in July.
The ACU market refers to loans denominated in currencies other than the Singapore dollar.