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.