Bank loans in Singapore decreased to SGD 680.7 billion in July 2019 from SGD 687.1 billion in the previous month. This was the smallest bank lending since April, as both lending to businesses (SGD 418.0 billion vs SGD 423.5 billion in June) and consumer loans (SGD 262.7 billion vs SGD 263.6 billion) declined. Within businesses, loans dropped for: financial institutions (SGD 101.7 billion vs SGD 104.9 billion); general commerce (SGD 65.7 billion vs SGD 68.9 billion); manufacturing (SGD 28.0 billion vs SGD 28.8 billion). Meanwhile, loans rose for both building and construction (SGD 141.6 billion vs SGD 140.6 billion) and transport, storage & communication (SGD 25.5 billion vs SGD 25.1 billion). On the other hand, loans was unchanged for agriculture, mining and quarrying (at SGD 2.9 billion); business services (at SGD 9.2 billion). Loans to Private Sector in Singapore averaged 206570.41 SGD Million from 1980 until 2018, reaching an all time high of 673253.80 SGD Million in June of 2018 and a record low of 16439.80 SGD Million in January of 1980.

Loans to Private Sector in Singapore is expected to be 692000.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loans to Private Sector in Singapore to stand at 710000.00 in 12 months time. In the long-term, the Singapore Loans to Private Sector is projected to trend around 715000.00 SGD Million in 2020, according to our econometric models.

Singapore Loans to Private Sector
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-31 02:00 AM Bank Lending Apr $676.3B $676.1B
2019-06-28 02:00 AM Bank Lending May $681.8B $676.3B
2019-07-31 02:00 AM Bank Lending Jun $687.1B $681.8B $ 680.7B
2019-08-30 02:00 AM Bank Lending Jul $680.7B $687.1B $690B
2019-09-27 02:00 AM Bank Lending Aug $680.7B
2019-10-31 02:00 AM Bank Lending Sep $ 674.9B
2019-11-29 02:00 AM Bank Lending Oct


Singapore Money Last Previous Highest Lowest Unit
Interest Rate 1.74 1.94 20.00 -0.75 percent [+]
Money Supply M0 47125.60 46881.10 47125.60 1133.10 SGD Million [+]
Money Supply M1 189775.40 193034.60 193034.60 1202.00 SGD Million [+]
Interbank Rate 1.88 1.88 9.84 0.34 percent [+]
Money Supply M2 620413.00 620328.20 622406.00 6182.30 SGD Million [+]
Money Supply M3 634276.90 634044.60 635571.00 6878.30 SGD Million [+]
Foreign Exchange Reserves 377825.20 373167.60 404019.30 4174.40 SGD Million [+]
Banks Balance Sheet 1333908.70 1323043.20 1333908.70 1509.90 SGD Million [+]
Loans to Private Sector 680704.30 687081.60 687081.60 16439.80 SGD Million [+]
Deposit Interest Rate 0.20 0.20 12.80 0.13 percent [+]
Central Bank Balance Sheet 385336.10 382614.70 416258.30 271915.00 SGD Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
680704.30 687081.60 687081.60 16439.80 1980 - 2019 SGD Million Monthly
Current Prices, NSA




Country Last Previous
Australia 950.11 Jul/19
Brazil 588597.00 Jul/19
Canada 468896.00 Jul/19
China 19800.00 Aug/19
Euro Area 11338768.00 Jul/19
France 2565106.00 Jul/19
Germany 1539.90 Jun/19
Indonesia 4766613.00 Jun/19
Italy 661381.00 Jul/19
Japan 468571.00 Aug/19
Mexico 2725278122.00 Jul/19
Netherlands 307849.00 Jul/19
Russia 28819554.00 Jul/19
Saudi Arabia 1484501.42 Jul/19
Singapore 680704.30 Jul/19
South Africa 3806762.00 Jul/19
South Korea 8568427.00 Aug/19
Spain 444880.00 Jul/19
Switzerland 1502537.00 Jun/19
Turkey 1259281390.00 Jul/19
United Kingdom 2488339.00 Jun/19
United States 2363.08 Aug/19


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