Bank loans in Singapore edged up to a new record high of SGD 804 billion in October 2021 from SGD 803.8 billion in September, as consumer loans rose to SGD 307.1 billion from SGD 305.8 billion), while lending to businesses were little changed (SGD 496.9 billion vs SGD 498.0 billion in September). Within lending to businesses, loans grew for financial and insurance activities (SGD 106.4B vs SGD 105.0B), professional, scientific, technical, administrative, support service activities (SGD 13.4B vs SGD 12.8B), general commerce (112.5B vs SGD 111.8B); while loans for agriculture, mining & quarrying were almost flat (SGD 4.6B vs SGD 4.5B). Meantime, loans declined for building and construction (SGD 164.8B vs SGD 166.4B), manufacturing (SGD 24.9B vs SGD 25.2B), and transport, storage & communication (SGD 42.9B vs SGD 43.2B). source: Monetary Authority of Singapore
Loans to Private Sector in Singapore averaged 236224.93 SGD Million from 1980 until 2021, reaching an all time high of 703900 SGD Million in June of 2021 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 December of 2021.
Loans to Private Sector in Singapore is expected to be 709266.00 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 724161.00 SGD Million in 2022 and 739368.00 SGD Million in 2023, according to our econometric models.