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.