CITIBANK Singapore is among a group of banks that Spring Singapore is said to be wooing to hand out government-backed loans to firms gasping for funding during the credit crunch.

Citi has already made it clear that it wants a role in administering the various assistance schemes - some announced last November, and others last month in the Budget.

The exact details of Citi's application cannot be determined, but a bank spokesman confirmed that it 'will be one of the banks which will be expected to apply to Spring' to help administer the loans.

For more The Straits Times stories, click here.