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.

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Singapore Loans to Private Sector


Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 02:00 AM Sep $803.8B $790.1B $ 714.7B
2021-11-30 04:00 AM Oct $804B $803.8B $794B
2021-12-31 02:00 AM Nov $804B


Related Last Previous Unit Reference
Interest Rate 0.22 0.07 percent Oct/21
Money Supply M1 279010.70 277463.70 SGD Million Sep/21
Money Supply M0 56307.50 56141.00 SGD Million Sep/21
Money Supply M2 722274.30 717310.60 SGD Million Sep/21
Money Supply M3 735297.90 730195.20 SGD Million Sep/21
Foreign Exchange Reserves 565000.90 565804.20 SGD Million Oct/21
Banks Balance Sheet 3067189.10 3019463.40 SGD Million Sep/21
Loans to Private Sector 804035.60 803832.20 SGD Million Oct/21
Central Bank Balance Sheet 578760.00 567614.00 SGD Million Aug/21

News Stream
Singapore Bank Lending Hits New Record High
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).
2021-11-30
Singapore Bank Lending Hits Fresh Record High
Bank loans in Singapore rose 1.7% month-on-month to a fresh record high of SGD 803.8 billion in September 2021 from SGD 790.1 billion in August, as both consumer loans (SGD 305.8 billion vs SGD 302.8 billion) and lending to businesses (SGD 498.0 billion vs SGD 487.3 billion) increased. Within businesses, loans rose for building and construction (SGD 166.4B vs SGD 164.3B), financial and insurance activities (SGD 105.0B vs SGD 101.0B), professional, scientific, technical, administrative, support service activities (SGD 12.8B vs SGD 12.6B), general commerce (111.8B vs SGD 108.1B), manufacturing (SGD 25.2B vs SGD 24.5B), transport, storage & communication (SGD 43.2B vs SGD 42.7B), and agriculture, mining & quarrying (SGD 4.5B vs SGD 4.4B).
2021-10-29
Singapore Bank Lending Hits New Record High
Bank loans in Singapore edged up 0.2% month-on-month to a new record high of SGD 790.1 billion in August 2021 from SGD 788.5 billion in July, as both consumer loans (SGD 302.8 billion vs SGD 301.3 billion) and lending to businesses (SGD 487.3 billion vs SGD 487.2 billion) increased. Within businesses, loans rose for building and construction (SGD 164.3B vs SGD 163.5B), financial and insurance activities (SGD 101.0B vs SGD 100.4B), and professional, scientific, technical, administrative, support service activities (SGD 12.6B vs SGD 12.0B), while lending to general commerce was unchanged (at SGD 108.1B). Meantime, loans declined for: manufacturing (SGD 24.5B vs SGD 25.1B), transport, storage & communication (SGD 42.7B vs SGD 43.7B), agriculture, mining & quarrying (SGD 4.4B vs SGD 5.0B).
2021-09-30

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.