Bank loans in Singapore dropped to SGD 680.4 billion in June 2020 from SGD 685.3 billion in the previous month. It was the smallest bank lending since April last year, as both consumer loans (254.5 billion vs SGD 254.7 billion in May) and lending to businesses (SGD 425.8 billion vs SGD 430.6 billion) declined, amid coronavirus pandemic. Within businesses, loans fell for financial institutions (SGD 102.2 billion vs SGD 103.5 billion); general commerce (SGD 64.6 billion vs SGD 65.6 billion). On the other hand, loans increased for manufacturing (SGD 29.1 billion vs SGD 28.8 billion); business services (SGD 11.4 billion vs SGD 11.3 billion); transport, storage & communication (SGD 26.9 billion vs SGD 29.4 billion), and building and construction (SGD 148.1 billion vs SGD 146.6 billion). Meanwhile, lending to agriculture, mining & quarrying was unchanged (at SGD 2.3 billion).

Loans to Private Sector in Singapore averaged 224235.57 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 August of 2020. source: Monetary Authority of Singapore

Loans to Private Sector in Singapore is expected to be 677633.00 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 724871.00 in 12 months time. In the long-term, the Singapore Loans to Private Sector is projected to trend around 730794.00 SGD Million in 2021 and 746141.00 SGD Million in 2022, according to our econometric models.

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Singapore Loans to Private Sector

Actual Previous Highest Lowest Dates Unit Frequency
680357.90 685262.80 692846.00 16439.80 1980 - 2020 SGD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-30 02:00 AM Mar $692.4B $692.8B $ 676.1B
2020-05-29 02:00 AM Apr $689.7B $692.4B $693.1B
2020-06-30 02:00 AM May $685.3B $689.7B
2020-07-30 02:00 AM Jun $680.4B $685.3B $ 687.1B
2020-08-31 02:00 AM Jul $680.4B
2020-09-30 02:00 AM Aug
2020-10-30 02:00 AM Sep $ 677.6B
2020-11-30 02:00 AM Oct


News Stream
Singapore Bank Lending Smallest in 14 Months
Bank loans in Singapore dropped to SGD 680.4 billion in June 2020 from SGD 685.3 billion in the previous month. It was the smallest bank lending since April last year, as both consumer loans (254.5 billion vs SGD 254.7 billion in May) and lending to businesses (SGD 425.8 billion vs SGD 430.6 billion) declined, amid coronavirus pandemic. Within businesses, loans fell for financial institutions (SGD 102.2 billion vs SGD 103.5 billion); general commerce (SGD 64.6 billion vs SGD 65.6 billion). On the other hand, loans increased for manufacturing (SGD 29.1 billion vs SGD 28.8 billion); business services (SGD 11.4 billion vs SGD 11.3 billion); transport, storage & communication (SGD 26.9 billion vs SGD 29.4 billion), and building and construction (SGD 148.1 billion vs SGD 146.6 billion). Meanwhile, lending to agriculture, mining & quarrying was unchanged (at SGD 2.3 billion).
2020-07-30
Singapore Bank Lending Smallest in 8 Months
Bank loans in Singapore dropped to SGD 685.3 billion in May 2020 from SGD 689.7 billion in the previous month. It was the smallest bank lending since September last year, as both consumer loans (254.7 billion vs SGD 255.9 billion in April) and lending to businesses (SGD 430.6 billion vs SGD 433.8 billion) declined. Within businesses, loans fell for financial institutions (SGD 103.5 billion vs SGD 105.9 billion); general commerce (SGD 65.6 billion vs SGD 67.4 billion); agriculture, mining & quarrying (SGD 2.3 billion vs SGD 2.4 billion) and manufacturing (SGD 28.8 billion vs SGD 29.1 billion). On the other hand, loans increased for business services (SGD 11.3 billion vs SGD 11.2 billion); transport, storage & communication (SGD 29.4 billion vs SGD 28.8 billion), and building and construction (SGD 146.6 billion vs SGD 145.6 billion).
2020-06-30
Singapore Bank Lending Smallest in 6 Months
Bank loans in Singapore declined to SGD 689.7 billion in April 2020 from SGD 692.4 billion in the previous month. It was the smallest bank lending since October last year, as both consumer loans (255.9 billion vs SGD 258.2 billion in March) and lending to businesses (SGD 433.8 billion vs SGD 434.2 billion) decreased. Within businesses, loans dropped for financial institutions (SGD 105.9 billion vs SGD 108.0 billion); general commerce (SGD 67.4 billion vs SGD 69.8 billion). Meanwhile, loans were unchanged for both agriculture, mining & quarrying (at SGD 2.4 billion) and manufacturing (at SGD 29.1 billion). On the other hand, loans increased for business services (SGD 11.2 billion vs SGD 11.1 billion); transport, storage & communication (SGD 28.8 billion vs SGD 26.5 billion), and building and construction (145.6 vs SGD 143.9 billion).
2020-05-29
Singapore Bank Lending Falls in March
Bank loans in Singapore declined to SGD 692.4 billion in March 2020 from SGD 692.8 billion in the previous month. Consumer loans decreased to 258.2 billion ( vs SGD 261.9 billion in February) while lending to businesses rose (SGD 434.2 billion vs SGD 430.9 billion). Within businesses, loans dropped for financial institutions (SGD 108.0 billion vs SGD 109.0 billion); general commerce (SGD 69.8 billion vs SGD 70.7 billion), while loans to agriculture, mining & quarrying was unchanged (at SGD 2.4 billion). On the other hand, loans increased for business services (SGD 11.1 billion vs SGD 10.7 billion); manufacturing (29.1 vs SGD 26.6 billion); transport, storage & communication (SGD 26.5 billion vs SGD 25.6 billion), and building and construction (143.9 vs SGD 142.2 billion).
2020-04-30

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.