Singapore's total bank lending rose by 2.3 percent year on year in November, according to statistics released by the Monetary Authority of Singapore on Friday.
The bank lending in the month totaled 415.8 billion Singapore dollars (319.8 billion U.S. dollars). It rose by 31 percent year on year.
Experts said loans growth may have peaked this year, and they expect it to moderate further in the coming months on concerns about uncertainties in the global economy, local broadcaster Channel NewsAsia said.
The real estate cooling measures introduced earlier this month may also weigh on mortgage loans.
Housing loans to consumers in November rose to 129.4 billion Singapore dollars (99.5 billion U.S. dollars) in November from 128. 1 billion Singapore dollars (98.5 billion U.S. dollars) in October. (1 U.S. dollar = 1.3 Singapore dollars)