Singapore Bank Lending Hits New Record High

2026-08-31 02:09 By Chusnul Chotimah 1 min. read

Singapore’s bank loans increased to a new record peak of SGD 939.1 billion in July 2026 from SGD 931.4 billion in June.

Loans to businesses advanced to SGD 572.8 billion from SGD 569.3 billion, mainly boosted by higher lending to manufacturing (SGD 31.9 billion vs SGD 28.3 billion), building and construction (SGD 189.9 billion vs SGD 186.6 billion), and general commerce (SGD 103.2 billion vs SGD 102.4 billion).

By contrast, declines were seen in both transportation, storage, and communication (SGD 49.5 billion vs SGD 50.5 billion) and financial and insurance activities (SGD 146.8 billion vs SGD 151.3 billion).

At the same time, consumer loans climbed to SGD 366.3 billion from SGD 362.1 billion, supported by higher housing and bridging loans (SGD 254.7 billion vs SGD 252.8 billion), other personal loans (SGD 83.1 billion vs SGD 80.6 billion), and car loans (SGD 10.2 billion vs SGD 10.1 billion).

Conversely, loans fell for credit card loans (SGD 17.6 billion vs SGD 17.9 billion).



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Singapore Bank Lending Hits New Record High
Singapore’s bank loans increased to a new record peak of SGD 939.1 billion in July 2026 from SGD 931.4 billion in June. Loans to businesses advanced to SGD 572.8 billion from SGD 569.3 billion, mainly boosted by higher lending to manufacturing (SGD 31.9 billion vs SGD 28.3 billion), building and construction (SGD 189.9 billion vs SGD 186.6 billion), and general commerce (SGD 103.2 billion vs SGD 102.4 billion). By contrast, declines were seen in both transportation, storage, and communication (SGD 49.5 billion vs SGD 50.5 billion) and financial and insurance activities (SGD 146.8 billion vs SGD 151.3 billion). At the same time, consumer loans climbed to SGD 366.3 billion from SGD 362.1 billion, supported by higher housing and bridging loans (SGD 254.7 billion vs SGD 252.8 billion), other personal loans (SGD 83.1 billion vs SGD 80.6 billion), and car loans (SGD 10.2 billion vs SGD 10.1 billion). Conversely, loans fell for credit card loans (SGD 17.6 billion vs SGD 17.9 billion).
2026-08-31
Singapore Bank Lending Hits New Record High
Singapore’s bank loans increased to a fresh record high of SGD 931.4 billion in June 2026 from SGD 917.7 billion in the previous month. Loans to businesses climbed to SGD 569.3 billion from SGD 557.8 billion, mainly driven by higher lending to manufacturing (SGD 28.3 billion vs SGD 28.1 billion), building and construction (SGD 186.6 billion vs SGD 185.2 billion), general commerce (SGD 102.4 billion vs SGD 98.6 billion), transportation, storage, and communication (SGD 50.5 billion vs SGD 49.0 billion), and financial and insurance activities (SGD 151.3 billion vs SGD 148.0 billion). At the same time, consumer loans rose to SGD 362.1 billion from SGD 360.0 billion, supported by higher housing and bridging loans (SGD 252.8 billion vs SGD 251.4 billion), car loans (SGD 10.1 billion vs SGD 9.9 billion), credit card loans (SGD 17.9 billion vs SGD 17.7 billion), share financing (SGD 750.9 million vs SGD 738.9 million), and other personal loans (SGD 80.6 billion vs SGD 80.3 billion).
2026-07-31
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