Bank loans in Singapore rose 12% mom to an-all time high of SGD 788.5 billion in July 2021 from SGD 703.9 billion in June, as both consumer loans (SGD 301.3 billion vs SGD 267.2 billion) and lending to businesses (SGD 487.2 billion vs SGD 436.8 billion) increased. Within businesses, loans rose for general commerce (SGD 108.1B vs SGD 72.6B), building and construction (SGD 163.5B vs SGD 151.3B), transport, storage & communication (SGD 43.7B vs SGD 25.2B), professional, scientific, technical, administrative, support service activities (SGD 12.0B vs SGD 10.8B), agriculture, mining & quarrying (SGD 5.0B vs SGD 1.8B). Meantime, loans declined for: manufacturing (SGD 25.1B vs SGD 28.8B), financial and insurance activities (SGD 100.4B vs SGD 103.5B). The industry categories are refined according to the Singapore Standard Industrial Classification adopted by the Singapore Department of Statistics, with effect from July 2021 reporting. . 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 September of 2021.

Loans to Private Sector in Singapore is expected to be 714722.00 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 724161.00 SGD Million in 2022 and 739368.00 SGD Million in 2023, according to our econometric models.

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Singapore Loans to Private Sector

Actual Previous Highest Lowest Dates Unit Frequency
788490.00 703923.20 788490.00 16439.80 1980 - 2021 SGD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-31 02:00 AM Apr $692.2B $691.2B $694B
2021-06-30 02:00 AM May $693.7B $692.2B $693B
2021-07-30 02:00 AM Jun $703.9B $693.7B $ 721.6B
2021-08-31 02:00 AM Jul $788.5B $703.9B $690B
2021-09-30 02:00 AM Aug $788.5B
2021-10-30 02:00 AM Sep $ 714.7B
2021-11-30 02:00 AM Oct
2021-12-31 02:00 AM Nov


News Stream
Singapore Bank Lending Rises to Fresh Peak
Bank loans in Singapore rose 12% mom to an-all time high of SGD 788.5 billion in July 2021 from SGD 703.9 billion in June, as both consumer loans (SGD 301.3 billion vs SGD 267.2 billion) and lending to businesses (SGD 487.2 billion vs SGD 436.8 billion) increased. Within businesses, loans rose for general commerce (SGD 108.1B vs SGD 72.6B), building and construction (SGD 163.5B vs SGD 151.3B), transport, storage & communication (SGD 43.7B vs SGD 25.2B), professional, scientific, technical, administrative, support service activities (SGD 12.0B vs SGD 10.8B), agriculture, mining & quarrying (SGD 5.0B vs SGD 1.8B). Meantime, loans declined for: manufacturing (SGD 25.1B vs SGD 28.8B), financial and insurance activities (SGD 100.4B vs SGD 103.5B). The industry categories are refined according to the Singapore Standard Industrial Classification adopted by the Singapore Department of Statistics, with effect from July 2021 reporting. .
2021-08-31
Singapore Bank Lending Rises to all-time High
Bank loans in Singapore increased 1.5 percent from a month earlier to an-all time high of SGD 703.9 billion in June of 2021 from SGD 693.7 billion in May, as both consumer loans (267.2 vs SGD 265.3 billion in May) and lending to businesses (SGD 436.8 billion vs SGD 428.5 billion) advanced. Within businesses, loans rose for general commerce (SGD 72.6 billion vs SGD 68.9 billion), manufacturing (SGD 28.8 billion vs SGD 28.3 billion), transport, storage & communication (SGD 25.2 billion vs SGD 24.8 billion), financial institutions (SGD 103.5 billion vs SGD 99.9 billion), business services (SGD 10.8 billion vs SGD 10.7 billion) and agriculture, mining & quarrying (SGD 1.8 billion vs SGD 1.7 billion). Meanwhile, loans for building and construction decreased (SGD 151.3 billion vs SGD 152.4 billion).
2021-07-30
Singapore Bank Lending Rises to all-time High
Bank loans in Singapore increased to an-all time high of SGD 693.7 billion in May of 2021 from SGD 692.2 billion in the previous month, as both consumer loans (265.3 vs SGD 264.5 billion in April) and lending to businesses (SGD 428.5 billion vs SGD 427.7 billion) advanced. Within businesses, loans rose for building and construction (SGD 152.4 billion vs SGD 152.2 billion), general commerce (SGD 68.9 billion vs SGD 68.2 billion), manufacturing (SGD 28.3 billion vs SGD 26.9 billion) and transport, storage & communication (SGD 24.8 billion vs SGD 24.7 billion). Meantime, loans declined for financial institutions (SGD 99.9 billion vs SGD 101.5 billion),business services (SGD 10.7 billion vs SGD 10.9 billion) and agriculture, mining & quarrying (SGD 1.7 billion vs SGD 1.9 billion).
2021-06-30
Singapore Bank Lending Largest in 13 Months
Bank loans in Singapore rose to a 13-month high of SGD 692.2 billion in April of 2021 from SGD 691.2 billion in the previous month, as both consumer loans (264.5 vs SGD 263.7 billion in March) and lending to businesses (SGD 427.7 billion vs SGD 427.5 billion) advanced. Within businesses, loans increased for building and construction (SGD 152.2 billion vs SGD 151.7 billion), general commerce (SGD 68.2 billion vs SGD 66.9 billion), and financial institutions (SGD 101.5 billion vs SGD 101.1 billion).Meantime, loans declined for manufacturing (SGD 26.9 billion vs SGD 27.8 billion), transport, storage & communication (SGD 24.7 billion vs SGD 25.8 billion), and business services (SGD 10.9 billion vs SGD 11.5 billion), while loans for agriculture, mining & quarrying were unchanged (at SGD 1.9 billion).
2021-05-31

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.