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.