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). source: Monetary Authority of Singapore

Loans to Private Sector in Singapore averaged 227013.19 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 December of 2020.

Loans to Private Sector in Singapore is expected to be 686861.00 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 703205.00 in 12 months time. In the long-term, the Singapore Loans to Private Sector is projected to trend around 717770.00 SGD Million in 2021 and 732843.00 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
675641.70 677461.20 692846.00 16439.80 1980 - 2020 SGD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-31 02:00 AM Jul $678.7B $680.1B $675.3B
2020-09-30 02:00 AM Aug $677.9B $678.7B $671.1B
2020-10-30 02:00 AM Sep $677.5B $677.9B $ 684.5B
2020-11-30 02:00 AM Oct $675.6B $677.5B $679B
2020-12-31 02:00 AM Nov $675.6B $681B
2021-01-31 02:00 AM Dec $ 686.9B
2021-02-28 02:00 AM Jan
2021-03-31 02:00 AM Feb


News Stream
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 Bank Lending Smallest in 17 Months
Bank loans in Singapore dropped to SGD 677.5 billion in September 2020 from SGD 677.9 billion in the previous month. It was the smallest bank lending since April last year, as lending to businesses declined (SGD 421.3 billion vs SGD 422.5 billion in August) while consumer loans increased (256.2 vs SGD 255.3 billion), amid the coronavirus pandemic. Within businesses, loans fell for financial institutions (SGD 99.4 billion vs SGD 101.3 billion); general commerce (64.6 billion vs SGD 64.8 billion); agriculture, mining & quarrying (2.3 billion vs SGD 2.4 billion); transport, storage & communication (SGD 26.2 billion vs SGD 27 billion).Meanwhile, loans increased for building and construction (SGD 150.9 billion vs SGD 149.8 billion); manufacturing (SGD 26.1 billion vs SGD 25.4 billion), while those to business services were unchanged (at SGD 11.4 billion).
2020-10-30
Singapore Bank Lending Smallest in 16 Months
Bank loans in Singapore declined to SGD 677.9 billion in August 2020 from SGD 678.7 billion in the previous month. It was the smallest bank lending since April last year, as lending to businesses declined (SGD 422.5 billion vs SGD 424.2 billion in June) while consumer loans increased (255.3 vs SGD 254.5 billion), amid the coronavirus pandemic. Within businesses, loans fell for manufacturing (SGD 25.4 billion vs SGD 26.7 billion); financial institutions (SGD 101.3 billion vs SGD 103.5 billion). Meanwhile, loans increased for general commerce (64.8 billion vs SGD 64.4 billion); agriculture, mining & quarrying (2.4 billion vs SGD 2.3 billion); building and construction (SGD 149.8 billion vs SGD 148.6 billion); business services (SGD 11.4 billion vs SGD 11.3 billion); transport, storage & communication (SGD 27 billion vs SGD 26.4 billion).
2020-09-30
Singapore Bank Lending Smallest in 15 Months
Bank loans in Singapore dropped to SGD 678.7 billion in July 2020 from a downwardly revised SGD 680.1 billion in the previous month. It was the smallest bank lending since April last year, as lending to businesses declined (SGD 424.2 billion vs SGD 425.6 billion in June) while consumer loans were unchanged (at SGD 254.5 billion), amid the coronavirus pandemic. Within businesses, loans fell for manufacturing (SGD 26.7 billion vs SGD 29.1 billion); business services (SGD 11.3 billion vs SGD 11.4 billion); transport, storage & communication (SGD 26.4 billion vs SGD 26.9 billion). Meanwhile, loans were unchanged for both general commerce (at SGD 64.4 billion) and agriculture, mining & quarrying (at SGD 2.3 billion). On the other hand, loans increased for building and construction (SGD 148.6 billion vs SGD 148.1 billion); financial institutions (SGD 103.5 billion vs SGD 102.2 billion).
2020-08-31

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.