Bank loans in Singapore rose to an 8-month high of SGD 683.6 billion in January of 2021 from SGD 678.7 billion in December of 2020, as both consumer loans (260.9 vs SGD 259.6 billion in December 2020) and lending to businesses (SGD 422.7 billion vs SGD 419.1 billion) increased. Within businesses, loans rose for building and construction (SGD 150.4 billion vs SGD 150 billion), financial institutions (SGD 103.8 billion vs SGD 101.3 billion), general commerce (SGD 63.3 billion vs SGD 62.6 billion), transport, storage & communication (SGD 25.6 billion vs SGD 25.2 billion), manufacturing (SGD 26.3 billion vs SGD 26.0 billion) and business services (SGD 11.4 billion vs SGD 11.3 billion). Meanwhile, loans decreased for agriculture, mining & quarrying (SGD 2.1 billion vs SGD 2.3 billion). source: Monetary Authority of Singapore
Loans to Private Sector in Singapore averaged 229751.37 SGD Million from 1980 until 2020, reaching an all time high of 692846 SGD Million in February of 2020 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 March of 2021.
Loans to Private Sector in Singapore is expected to be 702783.00 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 709266.00 in 12 months time. In the long-term, the Singapore Loans to Private Sector is projected to trend around 724161.00 SGD Million in 2022 and 739368.00 SGD Million in 2023, according to our econometric models.