Loans to Private Sector in Singapore remained unchanged at 691154.70 SGD Million in January from 691154.70 SGD Million in January of 2020.

Loans to Private Sector in Singapore averaged 220400.17 SGD Million from 1980 until 2020, reaching an all time high of 692731.30 SGD Million in November of 2019 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 March of 2020. source: Monetary Authority of Singapore

Loans to Private Sector in Singapore is expected to be 668698.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loans to Private Sector in Singapore to stand at 699325.00 in 12 months time. In the long-term, the Singapore Loans to Private Sector is projected to trend around 709814.00 SGD Million in 2021 and 724720.00 SGD Million in 2022, according to our econometric models.

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Singapore Loans to Private Sector

Actual Previous Highest Lowest Dates Unit Frequency
691154.70 691154.70 692731.30 16439.80 1980 - 2020 SGD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-29 02:00 AM Oct $689.4B $684.5B $684B
2019-12-31 02:00 AM Nov $692.7B $689.4B $687B
2020-01-31 02:00 AM Dec $692.4B $692.7B $ 671.7B
2020-02-28 02:00 AM Jan $691.2B $692.4B $694.9B
2020-03-31 02:00 AM Feb $691.2B $691.5B
2020-04-30 02:00 AM Mar $ 668.7B
2020-05-29 02:00 AM Apr
2020-06-30 02:00 AM May


News Stream
Singapore Bank Lending Smallest in 3 Months
Bank loans in Singapore declined to SGD 691.2 billion in January 2020 from SGD 692.4 billion in the previous month. This was the smallest bank loans since October last year, as lending to businesses dropped (SGD 428.3 billion vs SGD 429.6 billion in December) while consumer loans was unchanged (at SGD 262.8 billion). Within businesses, loans declined for: business services (SGD 10.6 billion vs SGD 10.7 billion); financial institutions (SGD 108.9 billion vs SGD 110 billion); manufacturing (25.2 vs SGD 26.1 billion), and general commerce (SGD 69 billion vs SGD 69.9 billion). Meanwhile, loans increased for: transport, storage & communication (SGD 25.4 billion vs SGD 25.2 billion); agriculture, mining & quarrying loans decreased (SGD 2.4 billion vs SGD 2.3 billion). Meantime, loans to building and construction was unchanged (at SGD 142.4 billion).
2020-02-28
Singapore Bank Lending Falls in December
Bank loans in Singapore went down to SGD 692.4 billion in December 2019 from SGD 692.7 billion in the previous month, as both of lending to businesses (SGD 429.6 billion vs SGD 429.8 billion in November) and consumer loans (SGD 262.8 billion vs SGD 262.9 billion) decline. Within businesses, loans dropped for: business services (SGD 10.7 billion vs SGD 11.1 billion); transport, storage & communication (SGD 25.2 billion vs SGD 25.3 billion); agriculture, mining & quarrying loans decreased (SGD 2.3 billion vs SGD 2.4 billion), and manufacturing (26.1 vs SGD 26.9 billion). Meanwhile, loans increased for: financial institutions (SGD 110 billion vs SGD 109.7 billion); general commerce (SGD 69.9 billion vs SGD 69.4 billion); building and construction (SGD 142.4 billion vs SGD 141.7 billion).
2020-01-31
Singapore Bank Lending Hits Record High In November
Bank loans in Singapore increased to an all-time high of SGD 692.7 billion in November 2019 from SGD 689.4 billion in the previous month, as both of lending to businesses (SGD 429.8 billion vs SGD 426.8 billion in October) and consumer loans (SGD 262.9 billion vs SGD 262.7 billion) rose. Within businesses, loans went up for: financial institutions (SGD 109.7 billion vs SGD 109.5 billion); general commerce (SGD 69.4 billion vs SGD 68.5 billion); business services (SGD 11.1 billion vs SGD 9.1 billion); building and construction (SGD 141.7 billion vs SGD 141.6 billion); transport, storage & communication (SGD 25.3 billion vs SGD 25.1 billion). Meanwhile, agriculture, mining & quarrying loans decreased (SGD 2.4 billion vs SGD 2.6 billion), whereas those of manufacturing remained unchanged (at SGD 26.9 billion).
2019-12-31
Singapore Bank Lending Rises to All-Time High
Bank loans in Singapore increased to an all-time high of SGD 689.4 billion in October 2019 from SGD 684.5 billion in the previous month, as both of lending to businesses (SGD 426.8 billion vs SGD 422.0 billion in September) and consumer loans (SGD 262.7 billion vs SGD 262.5 billion) rose. Within businesses, loans went up for: financial institutions (SGD 109.5 billion vs SGD 102.4 billion); general commerce (SGD 68.5 billion vs SGD 68.4 billion). Meanwhile, loan declined for : business services (SGD 9.1 billion vs SGD 9.7 billion); building and construction (SGD 141.6 billion vs SGD 142.0 billion); transport, storage & communication (SGD 25.1 billion vs SGD 25.8 billion); agriculture, mining and quarrying (SGD 2.6 billion vs SGD 3.0 billion); and manufacturing (SGD 26.9 billion vs SGD 27.8 billion).
2019-11-29

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.