Singapore Bank Loans Hit New All-Time High

Singapore’s bank loans surged to a fresh record high of SGD 978.8 billion in September 2026 from SGD 966.4 billion in the previous month. Loans to businesses rose to SGD 591.4 billion, driven largely by higher loans for building and construction (SGD 192.2 billion vs SGD 191.0 billion in August), general commerce (SGD 108.0 billion vs SGD 102.6 billion), and financial and insurance activities (SGD 157.3 billion vs SGD 153.7 billion). In contrast, lending decreased for agriculture, mining, and quarrying (SGD 4.6 billion vs SGD 4.7 billion), manufacturing (SGD 28.2 billion vs SGD 30.4 billion) and transport, storage, and communication (SGD 51.8 billion vs SGD 51.9 billion). Meanwhile, consumer loans increased to SGD 387.4 billion from SGD 384.4 billion, lifted by higher housing and bridging loans (SGD 258.4 billion vs SGD 256.6 billion), car loans (SGD 10.6 billion vs SGD 10.3 billion), and credit card loans (SGD 18.2 billion vs SGD 18.0 billion).

Singapore’s bank loans climbed to a fresh record high of SGD 966.4 billion in August 2026 from SGD 939.1 billion in July. Loans to businesses increased to SGD 582.0 billion from SGD 572.8 billion, driven by higher loans for building and construction (SGD 191.0 billion vs SGD 189.9 billion), financial and insurance activities (SGD 153.7 billion vs SGD 146.8 billion), and transport, storage, and communication (SGD 51.9 billion vs SGD 49.5 billion). In contrast, lending declined for manufacturing (SGD 30.4 billion vs SGD 31.9 billion) and general commerce (SGD 102.6 billion vs SGD 103.2 billion). Meanwhile, consumer loans rose to SGD 384.4 billion from SGD 366.3 billion, supported by higher housing and bridging loans (SGD 256.6 billion vs SGD 254.7 billion), other personal loans (SGD 98.8 billion vs SGD 83.1 billion), and credit card loans (SGD 18.0 billion vs SGD 17.6 billion).

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).