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.

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).

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).