Singapore's bank loans increased to a new record high of SGD 886.1 billion in December 2025, up from SGD 873.1 billion in the previous month. Loans to businesses surged to SGD 538.7 billion from SGD 528.3 billion in November, primarily due to increased lending to manufacturing (SGD 27.6 billion vs SGD 27.4 billion), general commerce (SGD 99.1 billion vs. SGD 92 billion), building construction (SGD 182.4 billion vs SGD 179.5 billion), and transportation, storage & communication (SGD 45.8 billion vs. SGD 44.7 billion). By contrast, loans to financial and insurance activities fell to SGD 134.5 billion from SGD 136.1 billion. In addition, consumer loans climbed to SGD 347.4 billion from SGD 344.8 billion, driven mainly by higher housing and bridging loans (SGD 244.1 billion vs SGD 242.6 billion), car loans (SGD 9.3 billion vs SGD 9.1 billion), credit card loans (SGD 17.8 billion vs SGD 17.6 billion), and other personal loans (SGD 75.6 billion vs SGD 74.8 billion). source: Monetary Authority of Singapore

Loans to Private Sector in Singapore increased to 873129.40 SGD Million in November from 866119.90 SGD Million in October of 2025. Loans to Private Sector in Singapore averaged 292430.10 SGD Million from 1980 until 2025, reaching an all time high of 886109.70 SGD Million in December of 2025 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 February of 2026.

Loans to Private Sector in Singapore increased to 873129.40 SGD Million in November from 866119.90 SGD Million in October of 2025. Loans to Private Sector in Singapore is expected to be 892215.00 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 960259.00 SGD Million in 2027 and 1003471.00 SGD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-31 03:45 AM
Bank Lending
Nov S$873.1B S$866.1B S$868.0B
2026-01-30 02:00 AM
Bank Lending
Dec S$886.1B S$873.1B S$ 869.2B
2026-02-27 02:00 AM
Bank Lending
Jan S$886.1B


Related Last Previous Unit Reference
Banks Balance Sheet 3869316.90 3794087.80 SGD Million Dec 2025
Central Bank Balance Sheet 793327.20 790147.20 SGD Million Dec 2025
Foreign Exchange Reserves 529105.20 526326.00 SGD Million Jan 2026
Overnight Rate Average (SORA) 0.87 0.91 percent Feb 2026
Bank Lending 886109.70 873129.40 SGD Million Dec 2025
Money Supply M0 66715.40 66163.70 SGD Million Dec 2025
Money Supply M1 319885.60 312217.60 SGD Million Dec 2025
Money Supply M2 879796.20 870182.20 SGD Million Dec 2025
Money Supply M3 895501.60 885354.30 SGD Million Dec 2025


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.
Actual Previous Highest Lowest Dates Unit Frequency
886109.70 873129.40 886109.70 16439.80 1980 - 2025 SGD Million Monthly
Current Prices, NSA

News Stream
Singapore Bank Lending Hits Fresh Record High
Singapore's bank loans increased to a new record high of SGD 886.1 billion in December 2025, up from SGD 873.1 billion in the previous month. Loans to businesses surged to SGD 538.7 billion from SGD 528.3 billion in November, primarily due to increased lending to manufacturing (SGD 27.6 billion vs SGD 27.4 billion), general commerce (SGD 99.1 billion vs. SGD 92 billion), building construction (SGD 182.4 billion vs SGD 179.5 billion), and transportation, storage & communication (SGD 45.8 billion vs. SGD 44.7 billion). By contrast, loans to financial and insurance activities fell to SGD 134.5 billion from SGD 136.1 billion. In addition, consumer loans climbed to SGD 347.4 billion from SGD 344.8 billion, driven mainly by higher housing and bridging loans (SGD 244.1 billion vs SGD 242.6 billion), car loans (SGD 9.3 billion vs SGD 9.1 billion), credit card loans (SGD 17.8 billion vs SGD 17.6 billion), and other personal loans (SGD 75.6 billion vs SGD 74.8 billion).
2026-01-30
Singapore Bank Lending Hits Fresh Record Peak
Singapore's bank loans increased to a fresh record peak of SGD 873.1 billion in November 2025, from SGD 866.1 billion in the previous month. Loans to businesses jumped to SGD 528.3 billion from SGD 523.6 billion in October, primarily due to increased lending in manufacturing (SGD 27.4 billion vs SGD 26.6 billion), agriculture, mining, and quarrying (SGD 3.4 billion vs SGD 3.2 billion), general commerce (SGD 92 billion vs SGD 90.3 billion), transportation, storage & communication (SGD 44.7 billion vs SGD 44.3 billion), and financial and insurance activities (SGD 136.1 billion vs SGD 133.4 billion). In addition, consumer loans increased to SGD 344.8 billion from SGD 342.5 billion, driven mainly by higher housing and bridging loans (SGD 242.6 billion vs SGD 241.4 billion), car loans (SGD 9.1 billion vs SGD 9 billion), credit card loans (SGD 17.6 billion vs SGD 17.1 billion), and other personal loans (SGD 74.8 billion vs SGD 74.3 billion).
2025-12-31
Singapore Bank Lending Hits New Record Peak
Singapore’s bank loans rose to a fresh record high of SGD 866.1 billion in October 2025, up from SGD 863.8 billion in September, supported by increases in consumer loans. Consumer loans rose to SGD 342.5 billion from SGD 339.7 billion, driven primarily by higher housing and bridging loans (SGD 241.4 billion vs 240.0 billion in September), car loans (SGD 9.0 billion vs 8.9 billion), credit card loans (SGD 17.1 billion vs 17.0 billion), and other personal loans (SGD 74.3 billion vs 73.2 billion). Meanwhile, loans to businesses fell to SGD 523.6 billion in October from SGD 524.0 billion in September, driven by lower lending in manufacturing (SGD 26.6 billion vs 26.8 billion), agriculture, mining, and quarrying (SGD 3.2 billion vs 3.4 billion), and building & construction (SGD 179.7 billion vs 181.2 billion). By contrast, loans rose slightly for general commerce (SGD 90.3 billion vs 90.1 billion) and transportation, storage & communication (SGD 44.3 billion vs 44.2 billion).
2025-11-28