Bank loans in Singapore increased to SGD 684.9 billion in August 2019 from SGD 680.7 billion in the previous month, as lending to businesses rose (SGD 422.7 billion vs SGD 418.0 billion in July) while consumer loans went down slightly (SGD 262.1 billion vs SGD 262.7 billion). Within businesses, loans advanced for: financial institutions (SGD 102.8 billion vs SGD 101.7 billion); building and construction (SGD 143.3 billion vs SGD 141.6 billion); transport, storage & communication (SGD 25.9 billion vs SGD 25.5 billion); agriculture, mining and quarrying (SGD 3.1 billion vs SGD 2.9 billion); general commerce (SGD 67.1 billion vs SGD 65.7 billion), and business services (SGD 9.5 billion vs SGD 9.2 billion). Meanwhile, loan declined for manufacturing (SGD 27.9 billion vs SGD 28.0 billion). Loans to Private Sector in Singapore averaged 206570.41 SGD Million from 1980 until 2018, reaching an all time high of 673253.80 SGD Million in June of 2018 and a record low of 16439.80 SGD Million in January of 1980.

Loans to Private Sector in Singapore is expected to be 692000.00 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 710000.00 in 12 months time. In the long-term, the Singapore Loans to Private Sector is projected to trend around 715000.00 SGD Million in 2020, according to our econometric models.

Singapore Loans to Private Sector
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-28 02:00 AM Bank Lending May $681.8B $676.3B
2019-07-31 02:00 AM Bank Lending Jun $687.1B $681.8B $ 680.7B
2019-08-30 02:00 AM Bank Lending Jul $680.7B $687.1B $690B
2019-09-30 02:00 AM Bank Lending Aug $684.9B $680.7B $679B
2019-10-31 02:00 AM Bank Lending Sep $684.9B $ 669.5B
2019-11-29 02:00 AM Bank Lending Oct
2019-12-31 02:00 AM Bank Lending Nov


Singapore Money Last Previous Highest Lowest Unit
Interest Rate 1.72 1.74 20.00 -0.75 percent [+]
Interbank Rate 1.87 1.87 9.84 0.34 percent [+]
Money Supply M0 47567.50 47125.60 47567.50 1133.10 SGD Million [+]
Money Supply M1 193595.80 189775.40 193595.80 1202.00 SGD Million [+]
Money Supply M2 624278.20 620413.00 624278.20 6182.30 SGD Million [+]
Money Supply M3 638167.00 634276.90 638167.00 6878.30 SGD Million [+]
Foreign Exchange Reserves 376475.60 377825.20 404019.30 4174.40 SGD Million [+]
Banks Balance Sheet 1339286.30 1333908.70 1339286.30 1509.90 SGD Million [+]
Loans to Private Sector 684880.40 680704.30 687081.60 16439.80 SGD Million [+]
Deposit Interest Rate 0.20 0.20 12.80 0.13 percent [+]
Central Bank Balance Sheet 385336.10 382614.70 416258.30 271915.00 SGD Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
684880.40 680704.30 687081.60 16439.80 1980 - 2019 SGD Million Monthly
Current Prices, NSA




Country Last Previous
Australia 954.74 Aug/19
Brazil 588201.00 Aug/19
Canada 469481.00 Aug/19
China 22725.00 Sep/19
Euro Area 11398937.00 Aug/19
France 2565106.00 Jul/19
Germany 1539.90 Jun/19
Indonesia 4775245.00 Aug/19
Italy 650157.00 Aug/19
Japan 469775.30 Sep/19
Mexico 2773133933.00 Aug/19
Netherlands 308903.00 Aug/19
Russia 29129105.00 Aug/19
Saudi Arabia 1487015.30 Aug/19
Singapore 684880.40 Aug/19
South Africa 3852879.00 Aug/19
South Korea 8617722.00 Sep/19
Spain 440144.00 Aug/19
Switzerland 1504945.00 Jul/19
Turkey 1275167269.00 Aug/19
United Kingdom 2488339.00 Jun/19
United States 2353.63 Sep/19


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