Bank loans in Singapore declined to SGD 839.8 billion in May 2022 from April's record high of SGD 841.6 billion, dragged down by decreases in lending to businesses (SGD 525.2 billion vs SGD 527.4 billion) while consumer loans edged up (SGD 314.6 billion vs SGD 314.2 billion). Within lending to businesses, loans dropped for general commerce (119.6B vs SGD 121.8B), financial and insurance activities (SGD 115.8B vs SGD 117.6B), transport, storage & communication (SGD 40.6B vs SGD 40.8B), and professional, scientific, technical, administrative, support service activities (SGD 13.8B vs SGD 13.9B), while those of agriculture, mining and quarrying were unchanged (at SGD 4.4B). Meanwhile, loans increased for both building and construction (SGD 174.0B vs SGD 173.9B) and manufacturing (SGD 28.3B vs SGD 27.4B). source: Monetary Authority of Singapore
Loans to Private Sector in Singapore averaged 236224.93 SGD Million from 1980 until 2021, reaching an all time high of 703900 SGD Million in June of 2021 and a record low of 16439.80 SGD Million in January of 1980. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Loans to Private Sector in Singapore is expected to be 721521.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Loans to Private Sector is projected to trend around 855916.00 SGD Million in 2023 and 877314.00 SGD Million in 2024, according to our econometric models.