Bank loans in Singapore climbed to a fresh record high of SGD 841.6 billion in April 2022 from SGD 829.9 billion in the previous month, supported by increases in both lending to businesses (SGD 527.4 billion vs SGD 517.3 billion) and consumer loans (SGD 314.2 billion vs SGD 312.6 billion). Within lending to businesses, loans rose for building and construction (SGD 173.9B vs SGD 173.7B), manufacturing (SGD 27.4B vs SGD 27.0B), general commerce (121.8B vs SGD 119.0B), financial and insurance activities (SGD 117.6B vs SGD 112.7B), transport, storage & communication (SGD 40.8B vs SGD 39.7B), and professional, scientific, technical, administrative, support service activities (SGD 13.9B vs SGD 13.2B). Meanwhile, loans declined for agriculture, mining and quarrying (SGD 4.4B vs SGD 4.8B). 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 June 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 845131.00 SGD Million in 2023 and 862879.00 SGD Million in 2024, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Singapore Loans to Private Sector



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 02:00 AM Mar $829.9B $829.5B $ 715.4B
2022-05-31 02:00 AM Apr $841.6B $829.9B $838.2B
2022-06-30 02:00 AM May $841.6B


Related Last Previous Unit Reference
Interest Rate 0.64 0.36 percent May 2022
Money Supply M1 291430.70 292648.50 SGD Million Apr 2022
Money Supply M0 58972.50 58537.50 SGD Million Apr 2022
Money Supply M2 761372.00 751610.60 SGD Million Apr 2022
Money Supply M3 774587.00 764759.10 SGD Million Apr 2022
Foreign Exchange Reserves 473264.00 504263.50 SGD Million May 2022
Banks Balance Sheet 3323277.30 3225308.70 SGD Million Apr 2022
Loans to Private Sector 841611.60 829887.70 SGD Million Apr 2022
Central Bank Balance Sheet 608057.80 596244.90 SGD Million Mar 2022

Singapore Loans to Private Sector
In Singapore, bank lending measures the change in the total value of outstanding bank loans and advances issued to consumers and businesses.
Actual Previous Highest Lowest Dates Unit Frequency
841611.60 829887.70 841611.60 16439.80 1980 - 2022 SGD Million Monthly
Current Prices, NSA

News Stream
Singapore Bank Lending Hits New Record High
Bank loans in Singapore climbed to a fresh record high of SGD 841.6 billion in April 2022 from SGD 829.9 billion in the previous month, supported by increases in both lending to businesses (SGD 527.4 billion vs SGD 517.3 billion) and consumer loans (SGD 314.2 billion vs SGD 312.6 billion). Within lending to businesses, loans rose for building and construction (SGD 173.9B vs SGD 173.7B), manufacturing (SGD 27.4B vs SGD 27.0B), general commerce (121.8B vs SGD 119.0B), financial and insurance activities (SGD 117.6B vs SGD 112.7B), transport, storage & communication (SGD 40.8B vs SGD 39.7B), and professional, scientific, technical, administrative, support service activities (SGD 13.9B vs SGD 13.2B). Meanwhile, loans declined for agriculture, mining and quarrying (SGD 4.4B vs SGD 4.8B).
2022-05-31
Singapore Bank Lending Hits New Record High
Bank loans in Singapore increased to a new record peak of SGD 829.9 billion in March 2022 from SGD 829.5 billion in the previous month, supported by rises in lending to businesses (SGD 517.3 billion vs SGD 515.9 billion) while consumer loans declined (SGD 312.6 billion vs SGD 313.6 billion). Within lending to businesses, loans grew for building and construction (SGD 173.9B vs SGD 170.4B), manufacturing (SGD 27.0B vs SGD 26.4B), general commerce (119.0B vs SGD 115.1B), and agriculture, mining and quarrying (SGD 4.8B vs SGD 4.7B). Meanwhile, loans dropped for financial and insurance activities (SGD 112.7B vs SGD 117.1B), transport, storage & communication (SGD 39.7B vs SGD 40.1B), and professional, scientific, technical, administrative, support service activities (SGD 13.2B vs SGD 13.4B).
2022-04-29
Singapore Bank Lending Hits Fresh High
Bank loans in Singapore increased to a fresh record high of SGD 829.5 billion in February 2022 from SGD 818 billion in the previous month, supported by rises in both lending to businesses (SGD 515.9 billion vs SGD 505.8 billion) and consumer loans (SGD 313.6 billion vs SGD 312.2 billion). Within lending to businesses, loans grew for building and construction (SGD 170.4B vs SGD 169.2B), financial and insurance activities (SGD 117.1B vs SGD 114.4B), manufacturing (SGD 26.4B vs SGD 26.2B), general commerce (115.1B vs SGD 110.3B), professional, scientific, technical, administrative, support service activities (SGD 13.4B vs SGD 13.2B), and agriculture, mining and quarrying (SGD 4.7B vs SGD 4.4B). Meanwhile, loans of transport, storage & communication declined (SGD 40.1B vs SGD 40.4B).
2022-03-31