Bank loans in Singapore rose to an 8-month high of SGD 683.6 billion in January of 2021 from SGD 678.7 billion in December of 2020, as both consumer loans (260.9 vs SGD 259.6 billion in December 2020) and lending to businesses (SGD 422.7 billion vs SGD 419.1 billion) increased. Within businesses, loans rose for building and construction (SGD 150.4 billion vs SGD 150 billion), financial institutions (SGD 103.8 billion vs SGD 101.3 billion), general commerce (SGD 63.3 billion vs SGD 62.6 billion), transport, storage & communication (SGD 25.6 billion vs SGD 25.2 billion), manufacturing (SGD 26.3 billion vs SGD 26.0 billion) and business services (SGD 11.4 billion vs SGD 11.3 billion). Meanwhile, loans decreased for agriculture, mining & quarrying (SGD 2.1 billion vs SGD 2.3 billion). source: Monetary Authority of Singapore

Loans to Private Sector in Singapore averaged 229751.37 SGD Million from 1980 until 2020, reaching an all time high of 692846 SGD Million in February of 2020 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 2021.

Loans to Private Sector in Singapore is expected to be 702783.00 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 709266.00 in 12 months time. 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
683592.40 678723.90 692846.00 16439.80 1980 - 2021 SGD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-30 02:00 AM Oct $675.6B $677.5B $679B
2020-12-31 02:00 AM Nov $676.7B $675.6B $681B
2021-01-29 02:00 AM Dec $678.7B $676.7B $ 654.3B
2021-02-26 02:00 AM Jan $683.6B $678.7B $675B
2021-03-31 02:00 AM Feb $683.6B
2021-04-30 02:00 AM Mar $ 702.8B
2021-05-29 02:00 AM Apr
2021-06-30 02:00 AM May


News Stream
Singapore Bank Lending Largest in 8 Months
Bank loans in Singapore rose to an 8-month high of SGD 683.6 billion in January of 2021 from SGD 678.7 billion in December of 2020, as both consumer loans (260.9 vs SGD 259.6 billion in December 2020) and lending to businesses (SGD 422.7 billion vs SGD 419.1 billion) increased. Within businesses, loans rose for building and construction (SGD 150.4 billion vs SGD 150 billion), financial institutions (SGD 103.8 billion vs SGD 101.3 billion), general commerce (SGD 63.3 billion vs SGD 62.6 billion), transport, storage & communication (SGD 25.6 billion vs SGD 25.2 billion), manufacturing (SGD 26.3 billion vs SGD 26.0 billion) and business services (SGD 11.4 billion vs SGD 11.3 billion). Meanwhile, loans decreased for agriculture, mining & quarrying (SGD 2.1 billion vs SGD 2.3 billion).
2021-02-26
Singapore Bank Lending Biggest in 5 Months
Bank loans in Singapore rose to SGD 678.7 billion in December 2020, the largest since July, from SGD 676.7 billion in the previous month, as both consumer loans (259.6 vs SGD 258.3 billion in November) and lending to businesses (SGD 419.1 billion vs SGD 418.4 billion) increased, amid the coronavirus pandemic. Within businesses, loans rose for both financial institutions (SGD 101.3 billion vs SGD 96.6 billion) and agriculture, mining & quarrying (SGD 2.3 billion vs SGD 2.2 billion), while those of business services were unchanged (at SGD 11.3 billion). Meanwhile, loans decreased for general commerce (SGD 62.6 billion vs SGD 63.6 billion); transport, storage & communication (SGD 25.2 billion vs SGD 25.8 billion); manufacturing (SGD 26.0 billion vs SGD 26.1 billion) and building and construction (SGD 150 billion vs SGD 150.9 billion).
2021-01-29
Singapore Bank Lending Rises in November
Bank loans in Singapore increased to SGD 676.7 billion in November 2020 from SGD 675.6 billion in the previous month, as consumer loans rose (258.3 vs SGD 257.2 billion in October) while lending to businesses were unchanged (at SGD 418.4 billion), amid the coronavirus pandemic. Within businesses, loans rose for manufacturing (SGD 26.1 billion vs SGD 25.9 billion in October). On the other hand, loans were unchanged for both business services (at SGD 11.3 billion) and building and construction (at SGD 150.9 billion). Meanwhile, loans decreased for financial institutions (SGD 96.6 billion vs SGD 97 billion); general commerce (SGD 63.6 billion vs SGD 64.3 billion); transport, storage & communication (SGD 25.8 billion vs SGD 26.3 billion), and agriculture, mining & quarrying (SGD 2.2 billion vs SGD 2.3 billion).
2020-12-31
Singapore Bank Lending Smallest in 20 Months
Bank loans in Singapore declined to SGD 675.6 billion in October 2020 from SGD 677.5 billion in the previous month. It was the smallest bank lending since February last year, as lending to businesses decreased (SGD 418.4 billion vs SGD 421.3 billion in September) while consumer loans increased (257.2 vs SGD 256.2 billion), amid the coronavirus pandemic. Within businesses, loans fell for financial institutions (SGD 97 billion vs SGD 99.4 billion); general commerce (64.3 billion vs SGD 64.6 billion); manufacturing (SGD 25.9 billion vs SGD 26.1 billion), and business services (SGD 11.3 billion vs SGD 11.4 billion). Meanwhile, loans increased for transport, storage & communication (SGD 26.3 billion vs SGD 26.2 billion). On the other hand, loans were unchanged for both agriculture, mining & quarrying (at 2.3 billion) and building and construction (at SGD 150.9 billion).
2020-11-30

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.