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.

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Singapore Loans to Private Sector



Calendar GMT Actual Previous Consensus TEForecast
2022-05-31 02:00 AM Apr $841.6B $829.9B $838.2B
2022-06-30 02:00 AM May $839.8B $841.6B
2022-07-29 02:00 AM Jun $839.8B $ 721.5B


Related Last Previous Unit Reference
Interest Rate 0.64 0.36 percent May 2022
Money Supply M1 288655.90 291430.70 SGD Million May 2022
Money Supply M0 58922.30 58972.50 SGD Million May 2022
Money Supply M2 759000.80 761372.00 SGD Million May 2022
Money Supply M3 772508.30 774587.00 SGD Million May 2022
Foreign Exchange Reserves 0.00 473264.20 SGD Million Jun 2022
Banks Balance Sheet 3290894.50 3323277.30 SGD Million May 2022
Loans to Private Sector 839750.90 841611.60 SGD Million May 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
839750.90 841611.60 841611.60 16439.80 1980 - 2022 SGD Million Monthly
Current Prices, NSA

News Stream
Singapore Bank Lending Drops in May
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).
2022-06-30
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