Bank loans in Singapore inched up by 0.3 percent month-on-month to SGD 671.7 billion in October 2018 from SGD 669.5 billion in the previous month, as lending to businesses rose to SGD 405.8 billion (from SGD 403.7 billion in September) while consumer loans edged up to SGD 266 billion (from SGD 265.8 billion). Within businesses, loans went up for: construction (SGD 133.1 billion from SGD 130.5 billion in September); business services (SGD 9.7 billion from SGD 9.3 billion); manufacturing (SGD 26.5 billion from SGD 26 billion), and transport, storage & communication (SGD 24 billion from SGD 23.3 billion). Meanwhile, loans declined for: agriculture, mining and quarrying (SGD 3.3 billion from SGD 3.4 billion); general commerce (SGD 66.4 billion from SGD 67.9 billion), and financial institutions (SGD 100.8 billion from SGD 102 billion). Compared to October 2017, bank loans went up by 3.4 percent from SGD 649.6 billion. Loans to Private Sector in Singapore averaged 204577.86 SGD Million from 1980 until 2018, reaching an all time high of 673253.80 SGD Million in June of 2018 and a record low of 16439.80 SGD Million in January of 1980.

Loans to Private Sector in Singapore is expected to be 669000.00 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 705000.00 in 12 months time. In the long-term, the Singapore Loans to Private Sector is projected to trend around 715000.00 SGD Million in 2020, according to our econometric models.

Singapore Loans to Private Sector
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-31 02:00 AM Bank Lending $667.5B $673.3B $ 676.6B
2018-09-28 02:00 AM Bank Lending $669.9B $667.5B $ 675.6B
2018-10-31 02:00 AM Bank Lending $669.5B $669.9B $ 671.1B
2018-11-30 02:00 AM Bank Lending $671.7B $669.5B $ 670.9B
2018-12-31 02:00 AM Bank Lending $671.7B
2019-01-31 02:00 AM Bank Lending $ 669B
2019-02-28 02:00 AM Bank Lending


Singapore Money Last Previous Highest Lowest Unit
Interest Rate 1.97 1.45 20.00 -0.75 percent [+]
Interbank Rate 1.77 1.77 9.84 0.34 percent [+]
Money Supply M0 44635.10 44530.60 44635.10 1133.10 SGD Million [+]
Money Supply M1 185891.80 184257.60 190601.90 1202.00 SGD Million [+]
Money Supply M2 599010.50 597704.50 599010.50 6182.30 SGD Million [+]
Money Supply M3 611560.40 610309.10 611560.40 6878.30 SGD Million [+]
Foreign Exchange Reserves 397209.60 401964.50 401964.50 4174.40 SGD Million [+]
Banks Balance Sheet 1268857.90 1247934.80 1285722.60 1509.90 SGD Million [+]
Loans to Private Sector 671741.30 669514.00 673253.80 16439.80 SGD Million [+]
Deposit Interest Rate 0.14 0.19 10.71 0.14 percent [+]
Central Bank Balance Sheet 413858.90 410027.30 413858.90 271915.00 SGD Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
671741.30 669514.00 673253.80 16439.80 1980 - 2018 SGD Million Monthly
Current Prices, NSA




Country Last Previous
Australia 948.09 Oct/18
Brazil 652825.00 Oct/18
Canada 422246.00 Oct/18
China 15200.00 Nov/18
Euro Area 11089860.00 Oct/18
France 2455935.00 Oct/18
Germany 1476.91 Sep/18
Indonesia 4523542.00 Oct/18
Italy 694968.00 Sep/18
Japan 460417.30 Oct/18
Mexico 2607226570.00 Oct/18
Netherlands 315719.00 Oct/18
Russia 26470737.00 Sep/18
Saudi Arabia 1445851.42 Oct/18
Singapore 671741.30 Oct/18
South Africa 3610412.00 Oct/18
South Korea 8260318.00 Oct/18
Spain 452969.00 Oct/18
Switzerland 1435281.00 Sep/18
Turkey 1279439729.00 Oct/18
United Kingdom 2438704.00 Sep/18
United States 2236.67 Oct/18


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