Bank loans in Singapore increased 1.5 percent from a month earlier to an-all time high of SGD 703.9 billion in June of 2021 from SGD 693.7 billion in May, as both consumer loans (267.2 vs SGD 265.3 billion in May) and lending to businesses (SGD 436.8 billion vs SGD 428.5 billion) advanced. Within businesses, loans rose for general commerce (SGD 72.6 billion vs SGD 68.9 billion), manufacturing (SGD 28.8 billion vs SGD 28.3 billion), transport, storage & communication (SGD 25.2 billion vs SGD 24.8 billion), financial institutions (SGD 103.5 billion vs SGD 99.9 billion), business services (SGD 10.8 billion vs SGD 10.7 billion) and agriculture, mining & quarrying (SGD 1.8 billion vs SGD 1.7 billion). Meanwhile, loans for building and construction decreased (SGD 151.3 billion vs SGD 152.4 billion). 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 August of 2021.
Loans to Private Sector in Singapore is expected to be 714722.00 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.