Singapore’s bank loans increased to a new record high of SGD 917.7 billion in May 2026 from SGD 908.4 billion in the previous month. Loans to businesses advanced to SGD 557.8 billion from SGD 551.3 billion, driven mainly by higher lending to manufacturing (SGD 28.1 billion vs SGD 27.3 billion), building and construction (SGD 185.2 billion vs SGD 184.1 billion), transportation, storage, and communication (SGD 49.0 billion vs SGD 47.5 billion), and financial and insurance activities (SGD 148.0 billion vs SGD 142.5 billion). Moreover, consumer loans rose to SGD 360.0 billion from SGD 357.1 billion, lifted by higher housing and bridging loans (SGD 251.4 billion vs SGD 249.9 billion), credit card (SGD 17.7 billion vs SGD 17.3 billion), share financing (SGD 738.9 billion vs SGD 704.8 billion), and other personal loans (SGD 80.3 billion vs SGD 79.4 billion). source: Monetary Authority of Singapore

Loans to Private Sector in Singapore increased to 917736.60 SGD Million in May from 908374.90 SGD Million in April of 2026. Loans to Private Sector in Singapore averaged 297891.35 SGD Million from 1980 until 2026, reaching an all time high of 917736.60 SGD Million in May 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 July of 2026.

Loans to Private Sector in Singapore increased to 917736.60 SGD Million in May from 908374.90 SGD Million in April of 2026. Loans to Private Sector in Singapore is expected to be 887946.00 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
2026-05-29 02:00 AM
Bank Lending
Apr S$908.4B S$902.3B S$901.0B
2026-07-01 02:00 AM
Bank Lending
May S$917.7B S$908.4B S$912.0B
2026-07-31 02:00 AM
Bank Lending
Jun S$917.7B S$ 884.1B


Related Last Previous Unit Reference
Banks Balance Sheet 4015485.80 4004346.00 SGD Million May 2026
Central Bank Balance Sheet 793043.30 794811.20 SGD Million May 2026
Foreign Exchange Reserves 548596.10 544144.20 SGD Million May 2026
Overnight Rate Average (SORA) 1.28 1.19 percent Jul 2026
Bank Lending 917736.60 908374.90 SGD Million May 2026
Money Supply M0 69223.20 68902.80 SGD Million May 2026
Money Supply M1 320420.80 324245.10 SGD Million May 2026
Money Supply M2 891680.30 897544.60 SGD Million May 2026
Money Supply M3 908114.40 913627.60 SGD Million May 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
917736.60 908374.90 917736.60 16439.80 1980 - 2026 SGD Million Monthly
Current Prices, NSA

News Stream
Singapore Bank Lending Climbs to New Record High
Singapore’s bank loans increased to a new record high of SGD 917.7 billion in May 2026 from SGD 908.4 billion in the previous month. Loans to businesses advanced to SGD 557.8 billion from SGD 551.3 billion, driven mainly by higher lending to manufacturing (SGD 28.1 billion vs SGD 27.3 billion), building and construction (SGD 185.2 billion vs SGD 184.1 billion), transportation, storage, and communication (SGD 49.0 billion vs SGD 47.5 billion), and financial and insurance activities (SGD 148.0 billion vs SGD 142.5 billion). Moreover, consumer loans rose to SGD 360.0 billion from SGD 357.1 billion, lifted by higher housing and bridging loans (SGD 251.4 billion vs SGD 249.9 billion), credit card (SGD 17.7 billion vs SGD 17.3 billion), share financing (SGD 738.9 billion vs SGD 704.8 billion), and other personal loans (SGD 80.3 billion vs SGD 79.4 billion).
2026-07-01
Singapore Bank Lending Hits Fresh Record High
Singapore’s bank loans increased to a new record high of SGD 908.4 billion in April 2026 from SGD 902.3 billion in the previous month. Loans to businesses advanced to SGD 551.3 billion from SGD 547.6 billion, mainly supported by higher lending to manufacturing (SGD 27.3 billion vs SGD 25.3 billion), building and construction (SGD 184.1 billion vs SGD 183.7 billion), and professional, scientific, technical, administrative, and support services activities (SGD 17.1 billion vs SGD 15.9 billion). Additionally, consumer loans rose to SGD 357.1 billion from SGD 354.7 billion in March, mainly driven by higher housing and bridging loans (SGD 249.9 billion vs SGD 248.3 billion), other personal loans (SGD 79.4 billion vs SGD 78.7 billion), car loans (SGD 9.8 billion vs SGD 9.7 billion), and share financing (SGD 0.7 billion vs SGD 0.6 billion). In contrast, credit card lending edged down to SGD 17.3 billion from SGD 17.4 billion.
2026-05-29
Singapore Bank Lending Hits Fresh Record
Singapore’s bank loans climbed to a fresh record high of SGD 902.3 billion in March 2026 from SGD 893.6 billion in the previous month. Loans to businesses increased to SGD 547.6 billion from SGD 541.5 billion, largely driven by higher lending to general commerce (SGD 99.9 billion vs SGD 90.5 billion in February), transport, storage and communication (SGD 48.2 billion vs SGD 46.2 billion), and financial and insurance activities (SGD 142.6 billion vs SGD 141.5 billion). In addition, consumer loans rose to SGD 354.7 billion from SGD 352.2 billion, mainly due to increased housing and bridging loans (SGD 248.3 billion vs 246.8 billion), other personal loans (SGD 78.7 billion vs SGD 77.8 billion), car loans (SGD 9.7 billion vs SGD 9.5 billion), and credit cards (SGD 17.4 billion vs SGD 17.3 billion). In contrast, activities fell for share financing (SGD 0.6 billion vs SGD 0.7 billion).
2026-04-30