Singapore’s bank loans surged to a fresh record high of SGD 978.8 billion in September 2026 from SGD 966.4 billion in the previous month. Loans to businesses rose to SGD 591.4 billion, driven largely by higher loans for building and construction (SGD 192.2 billion vs SGD 191.0 billion in August), general commerce (SGD 108.0 billion vs SGD 102.6 billion), and financial and insurance activities (SGD 157.3 billion vs SGD 153.7 billion). In contrast, lending decreased for agriculture, mining, and quarrying (SGD 4.6 billion vs SGD 4.7 billion), manufacturing (SGD 28.2 billion vs SGD 30.4 billion) and transport, storage, and communication (SGD 51.8 billion vs SGD 51.9 billion). Meanwhile, consumer loans increased to SGD 387.4 billion from SGD 384.4 billion, lifted by higher housing and bridging loans (SGD 258.4 billion vs SGD 256.6 billion), car loans (SGD 10.6 billion vs SGD 10.3 billion), and credit card loans (SGD 18.2 billion vs SGD 18.0 billion). source: Monetary Authority of Singapore

Loans to Private Sector in Singapore increased to 978786.50 SGD Million in September from 966432.70 SGD Million in August of 2026. Loans to Private Sector in Singapore averaged 302560.48 SGD Million from 1980 until 2026, reaching an all time high of 978786.50 SGD Million in September of 2026 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 November of 2026.

Loans to Private Sector in Singapore increased to 978786.50 SGD Million in September from 966432.70 SGD Million in August of 2026. Loans to Private Sector in Singapore is expected to be 925985.00 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 964876.00 SGD Million in 2027 and 1008295.00 SGD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-30 02:00 AM
Bank Lending
Aug S$966.4B S$939.1B S$945.0B
2026-10-30 02:00 AM
Bank Lending
Sep S$978.8B S$966.4B S$ 909.5B
2026-11-27 02:00 AM
Bank Lending
Oct S$978.8B


Related Last Previous Unit Reference
Banks Balance Sheet 4154579.10 4072085.20 SGD Million Sep 2026
Central Bank Balance Sheet 766978.20 772144.40 SGD Million Sep 2026
Foreign Exchange Reserves 551322.20 553573.40 SGD Million Oct 2026
Overnight Rate Average (SORA) 1.60 1.59 percent Nov 2026
Bank Lending 978786.50 966432.70 SGD Million Sep 2026
Money Supply M0 70571.60 70189.50 SGD Million Sep 2026
Money Supply M1 321365.70 320363.70 SGD Million Sep 2026
Money Supply M2 903759.40 898667.00 SGD Million Sep 2026
Money Supply M3 920416.80 915193.70 SGD Million Sep 2026


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
978786.50 966432.70 978786.50 16439.80 1980 - 2026 SGD Million Monthly
Current Prices, NSA

News Stream
Singapore Bank Loans Hit New All-Time High
Singapore’s bank loans surged to a fresh record high of SGD 978.8 billion in September 2026 from SGD 966.4 billion in the previous month. Loans to businesses rose to SGD 591.4 billion, driven largely by higher loans for building and construction (SGD 192.2 billion vs SGD 191.0 billion in August), general commerce (SGD 108.0 billion vs SGD 102.6 billion), and financial and insurance activities (SGD 157.3 billion vs SGD 153.7 billion). In contrast, lending decreased for agriculture, mining, and quarrying (SGD 4.6 billion vs SGD 4.7 billion), manufacturing (SGD 28.2 billion vs SGD 30.4 billion) and transport, storage, and communication (SGD 51.8 billion vs SGD 51.9 billion). Meanwhile, consumer loans increased to SGD 387.4 billion from SGD 384.4 billion, lifted by higher housing and bridging loans (SGD 258.4 billion vs SGD 256.6 billion), car loans (SGD 10.6 billion vs SGD 10.3 billion), and credit card loans (SGD 18.2 billion vs SGD 18.0 billion).
2026-10-30
Singapore Bank Lending Sets New Record High
Singapore’s bank loans climbed to a fresh record high of SGD 966.4 billion in August 2026 from SGD 939.1 billion in July. Loans to businesses increased to SGD 582.0 billion from SGD 572.8 billion, driven by higher loans for building and construction (SGD 191.0 billion vs SGD 189.9 billion), financial and insurance activities (SGD 153.7 billion vs SGD 146.8 billion), and transport, storage, and communication (SGD 51.9 billion vs SGD 49.5 billion). In contrast, lending declined for manufacturing (SGD 30.4 billion vs SGD 31.9 billion) and general commerce (SGD 102.6 billion vs SGD 103.2 billion). Meanwhile, consumer loans rose to SGD 384.4 billion from SGD 366.3 billion, supported by higher housing and bridging loans (SGD 256.6 billion vs SGD 254.7 billion), other personal loans (SGD 98.8 billion vs SGD 83.1 billion), and credit card loans (SGD 18.0 billion vs SGD 17.6 billion).
2026-09-30
Singapore Bank Lending Hits New Record High
Singapore’s bank loans increased to a new record peak of SGD 939.1 billion in July 2026 from SGD 931.4 billion in June. Loans to businesses advanced to SGD 572.8 billion from SGD 569.3 billion, mainly boosted by higher lending to manufacturing (SGD 31.9 billion vs SGD 28.3 billion), building and construction (SGD 189.9 billion vs SGD 186.6 billion), and general commerce (SGD 103.2 billion vs SGD 102.4 billion). By contrast, declines were seen in both transportation, storage, and communication (SGD 49.5 billion vs SGD 50.5 billion) and financial and insurance activities (SGD 146.8 billion vs SGD 151.3 billion). At the same time, consumer loans climbed to SGD 366.3 billion from SGD 362.1 billion, supported by higher housing and bridging loans (SGD 254.7 billion vs SGD 252.8 billion), other personal loans (SGD 83.1 billion vs SGD 80.6 billion), and car loans (SGD 10.2 billion vs SGD 10.1 billion). Conversely, loans fell for credit card loans (SGD 17.6 billion vs SGD 17.9 billion).
2026-08-31