Singapore Bank Lending Hits New Peak

Singapore’s bank loans rose to a new all-time high of SGD 893.6 billion in February 2026, up from SGD 887.5 billion in the previous month. Loans to businesses climbed to SGD 541.5 billion from SGD 537.1 billion, primarily driven by increased lending to financial and insurance activities (SGD 141.5 billion vs SGD 136.6 billion), building and construction (SGD 183.8 billion vs SGD 182.2 billion), transport, storage and communication (SGD 46.2 billion vs SGD 45.5 billion), and other businesses (SGD 31.6 billion vs SGD 31.5 billion). In addition, consumer loans increased to SGD 352.2 billion from SGD 350.4 billion, mainly due to higher housing and bridging loans (SGD 246.8 billion vs SGD 245.6 billion), car loans (SGD 9.5 billion vs 9.4 billion), and other personal loans (SGD 77.8 billion vs SGD 77.2 billion). In contrast, activities fell for credit card loans (SGD 17.3 billion vs SGD 17.6 billion) and share financing (SGD 0.68 billion vs SGD 0.7 billion).

Singapore’s bank loans increased to a fresh record peak of SGD 887.5 billion in January 2026, up from SGD 886.1 billion in the previous month. Consumer loans climbed to SGD 350.4 billion from SGD 347.4 billion, driven mainly by higher housing and bridging loans (SGD 245.6 billion vs SGD 244.1 billion in December 2025), car loans (SGD 9.5 billion vs SGD 9.3 billion), and other personal loans (SGD 77.2 billion vs SGD 75.6 billion). In contrast, activities fell for credit card loans (SGD 17.6 billion vs SGD 17.8 billion) and share financing (SGD 0.7 billion vs SGD 0.72 billion). In addition, loans to businesses fell to SGD 537.1 billion from SGD 538.7 billion, driven by lower lending in building and construction (SGD 182.2 billion vs SGD 182.4 billion), general commerce (SGD 92.3 billion vs SGD 99.2 billion), and transport, storage and communication (SGD 45.5 billion vs SGD 45.8 billion).

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).