Bank loans in Singapore declined to a four-month low of SGD 838.0 billion in July 2022 from 841.6 billion, dragged down by decreases in both lending to businesses (SGD 522.7 billion vs SGD 525.9 billion in June) and consumer loans (SGD 315.3 billion vs SGD 315.7 billion). Within lending to businesses, loans dropped for manufacturing (SGD 27.6B vs SGD 29.4B), transport, storage and communication (SGD 40.2B vs SGD 41.0B), general commerce (114.7B vs SGD 116.6B), and agriculture, mining and quarrying (SGD 4.0B vs SGD 4.3B). On the other hand, loans increased for financial and insurance activities (SGD 120.1B vs SGD 119.3B), professional, scientific, technical, administrative, support service activities (SGD 13.9B vs SGD 13.5B), and others (SGD 28.5B vs SGD 28B, while those of building and construction were unchanged (SGD at 173.8B). 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 September of 2022.

Loans to Private Sector in Singapore is expected to be 827947.00 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
2022-07-29 02:00 AM Jun $841.6B $839.8B $ 721.5B
2022-08-31 02:00 AM Jul $838.0B $841.6B
2022-09-30 02:00 AM Aug $838.0B


Related Last Previous Unit Reference
Interest Rate 2.34 2.04 percent Aug 2022
Money Supply M1 278259.30 283812.30 SGD Million Jul 2022
Money Supply M0 59069.60 58944.40 SGD Million Jul 2022
Money Supply M2 757672.20 759470.30 SGD Million Jul 2022
Money Supply M3 771958.20 773410.00 SGD Million Jul 2022
Foreign Exchange Reserves 403800.80 398554.30 SGD Million Aug 2022
Banks Balance Sheet 3281879.50 3356521.10 SGD Million Jul 2022
Loans to Private Sector 837982.80 841563.50 SGD Million Jul 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
837982.80 841563.50 841838.70 16439.80 1980 - 2022 SGD Million Monthly
Current Prices, NSA

News Stream
Singapore Bank Lending Smallest in 4 Months
Bank loans in Singapore declined to a four-month low of SGD 838.0 billion in July 2022 from 841.6 billion, dragged down by decreases in both lending to businesses (SGD 522.7 billion vs SGD 525.9 billion in June) and consumer loans (SGD 315.3 billion vs SGD 315.7 billion). Within lending to businesses, loans dropped for manufacturing (SGD 27.6B vs SGD 29.4B), transport, storage and communication (SGD 40.2B vs SGD 41.0B), general commerce (114.7B vs SGD 116.6B), and agriculture, mining and quarrying (SGD 4.0B vs SGD 4.3B). On the other hand, loans increased for financial and insurance activities (SGD 120.1B vs SGD 119.3B), professional, scientific, technical, administrative, support service activities (SGD 13.9B vs SGD 13.5B), and others (SGD 28.5B vs SGD 28B, while those of building and construction were unchanged (SGD at 173.8B).
2022-08-31
Singapore Bank Lending Rises in June
Bank loans in Singapore increased to SGD 841.6 billion in June 2022 from 839.8 billion, boosted by increases in both lending to businesses (SGD 525.9 billion vs SGD 525.2 billion) and consumer loans (SGD 315.9 billion vs SGD 314.6 billion). Within lending to businesses, loans climbed for both insurance activities (SGD 119.3B vs SGD 115.8B in May), manufacturing (SGD 29.4B vs SGD 28.3B) and communication (SGD 41.0B vs SGD 40.6B). Meanwhile, loans declined for building and construction (SGD 173.8B vs SGD 174.0B), general commerce (116.6B vs SGD 119.1B), financial and, transport, storage & and professional, scientific, technical, administrative, support service activities (SGD 13.5B vs SGD 13.8B), and agriculture, mining and quarrying (SGD 4.3B vs SGD 4.4B).
2022-07-29
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