Singapore’s bank loans increased to a new record peak of SGD 939.1 billion in July 2026 from SGD 931.4 billion in June. Loans to businesses advanced to SGD 572.8 billion from SGD 569.3 billion, mainly boosted by higher lending to manufacturing (SGD 31.9 billion vs SGD 28.3 billion), building and construction (SGD 189.9 billion vs SGD 186.6 billion), and general commerce (SGD 103.2 billion vs SGD 102.4 billion). By contrast, declines were seen in both transportation, storage, and communication (SGD 49.5 billion vs SGD 50.5 billion) and financial and insurance activities (SGD 146.8 billion vs SGD 151.3 billion). At the same time, consumer loans climbed to SGD 366.3 billion from SGD 362.1 billion, supported by higher housing and bridging loans (SGD 254.7 billion vs SGD 252.8 billion), other personal loans (SGD 83.1 billion vs SGD 80.6 billion), and car loans (SGD 10.2 billion vs SGD 10.1 billion). Conversely, loans fell for credit card loans (SGD 17.6 billion vs SGD 17.9 billion). source: Monetary Authority of Singapore

Loans to Private Sector in Singapore increased to 931375.60 SGD Million in June from 917736.60 SGD Million in May of 2026. Loans to Private Sector in Singapore averaged 300167.51 SGD Million from 1980 until 2026, reaching an all time high of 939058.50 SGD Million in July of 2026 and a record low of 16439.80 SGD Million in January of 1980. This page provides the latest reported value for - Singapore Loans to Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Loans to Private Sector - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

Loans to Private Sector in Singapore increased to 931375.60 SGD Million in June from 917736.60 SGD Million in May of 2026. Loans to Private Sector in Singapore is expected to be 905221.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Loans to Private Sector is projected to trend around 964876.00 SGD Million in 2027 and 1008295.00 SGD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-31 02:00 AM
Bank Lending
Jun S$931.4B S$917.7B S$ 884.1B
2026-08-31 02:00 AM
Bank Lending
Jul S$939.1B S$931.4B S$950.0B
2026-09-30 02:00 AM
Bank Lending
Aug S$939.1B


Related Last Previous Unit Reference
Banks Balance Sheet 4049367.70 4110110.80 SGD Million Jul 2026
Central Bank Balance Sheet 778434.60 787630.60 SGD Million Jul 2026
Foreign Exchange Reserves 549303.00 551345.00 SGD Million Jul 2026
Overnight Rate Average (SORA) 1.40 1.37 percent Sep 2026
Bank Lending 939058.50 931375.60 SGD Million Jul 2026
Money Supply M0 69860.90 69450.30 SGD Million Jul 2026
Money Supply M1 316782.40 321718.40 SGD Million Jul 2026
Money Supply M2 890921.10 892401.40 SGD Million Jul 2026
Money Supply M3 907533.30 909092.30 SGD Million Jul 2026


Singapore Loans to Private Sector
In Singapore, bank lending measures the change in the total value of outstanding bank loans and advances issued to consumers and businesses.
Actual Previous Highest Lowest Dates Unit Frequency
939058.50 931375.60 939058.50 16439.80 1980 - 2026 SGD Million Monthly
Current Prices, NSA

News Stream
Singapore Bank Lending Hits New Record High
Singapore’s bank loans increased to a new record peak of SGD 939.1 billion in July 2026 from SGD 931.4 billion in June. Loans to businesses advanced to SGD 572.8 billion from SGD 569.3 billion, mainly boosted by higher lending to manufacturing (SGD 31.9 billion vs SGD 28.3 billion), building and construction (SGD 189.9 billion vs SGD 186.6 billion), and general commerce (SGD 103.2 billion vs SGD 102.4 billion). By contrast, declines were seen in both transportation, storage, and communication (SGD 49.5 billion vs SGD 50.5 billion) and financial and insurance activities (SGD 146.8 billion vs SGD 151.3 billion). At the same time, consumer loans climbed to SGD 366.3 billion from SGD 362.1 billion, supported by higher housing and bridging loans (SGD 254.7 billion vs SGD 252.8 billion), other personal loans (SGD 83.1 billion vs SGD 80.6 billion), and car loans (SGD 10.2 billion vs SGD 10.1 billion). Conversely, loans fell for credit card loans (SGD 17.6 billion vs SGD 17.9 billion).
2026-08-31
Singapore Bank Lending Hits New Record High
Singapore’s bank loans increased to a fresh record high of SGD 931.4 billion in June 2026 from SGD 917.7 billion in the previous month. Loans to businesses climbed to SGD 569.3 billion from SGD 557.8 billion, mainly driven by higher lending to manufacturing (SGD 28.3 billion vs SGD 28.1 billion), building and construction (SGD 186.6 billion vs SGD 185.2 billion), general commerce (SGD 102.4 billion vs SGD 98.6 billion), transportation, storage, and communication (SGD 50.5 billion vs SGD 49.0 billion), and financial and insurance activities (SGD 151.3 billion vs SGD 148.0 billion). At the same time, consumer loans rose to SGD 362.1 billion from SGD 360.0 billion, supported by higher housing and bridging loans (SGD 252.8 billion vs SGD 251.4 billion), car loans (SGD 10.1 billion vs SGD 9.9 billion), credit card loans (SGD 17.9 billion vs SGD 17.7 billion), share financing (SGD 750.9 million vs SGD 738.9 million), and other personal loans (SGD 80.6 billion vs SGD 80.3 billion).
2026-07-31
Singapore Bank Lending Climbs to New Record High
Singapore’s bank loans increased to a new record high of SGD 917.7 billion in May 2026 from SGD 908.4 billion in the previous month. Loans to businesses advanced to SGD 557.8 billion from SGD 551.3 billion, driven mainly by higher lending to manufacturing (SGD 28.1 billion vs SGD 27.3 billion), building and construction (SGD 185.2 billion vs SGD 184.1 billion), transportation, storage, and communication (SGD 49.0 billion vs SGD 47.5 billion), and financial and insurance activities (SGD 148.0 billion vs SGD 142.5 billion). Moreover, consumer loans rose to SGD 360.0 billion from SGD 357.1 billion, lifted by higher housing and bridging loans (SGD 251.4 billion vs SGD 249.9 billion), credit card (SGD 17.7 billion vs SGD 17.3 billion), share financing (SGD 738.9 billion vs SGD 704.8 billion), and other personal loans (SGD 80.3 billion vs SGD 79.4 billion).
2026-07-01