Bank loans in Singapore rose to a 12-month high of SGD 691.2 billion in March of 2021 from SGD 686.7 billion in the previous month, as both consumer loans (263.7 vs SGD 262.0 billion in February) and lending to businesses (SGD 427.5 billion vs SGD 424.6 billion) increased. Within businesses, loans advanced for general commerce (SGD 66.9 billion vs SGD 64.3 billion), manufacturing (SGD 27.8 billion vs SGD 27.1 billion), transport, storage & communication (SGD 25.8 billion vs SGD 25.4 billion), and business services (SGD 11.5 billion vs SGD 11.2 billion). Meanwhile, loans declined for building and construction (SGD 151.7 billion vs SGD 152.2 billion), agriculture, mining & quarrying (SGD 1.9 billion vs SGD 2.2 billion), and financial institutions (SGD 101.1 billion vs SGD 102.1 billion). source: Monetary Authority of Singapore

Loans to Private Sector in Singapore averaged 232517.96 SGD Million from 1980 until 2021, 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 May of 2021.

Loans to Private Sector in Singapore is expected to be 721604.00 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 710765.00 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
691227.10 686729.10 692846.00 16439.80 1980 - 2021 SGD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
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 $686.7B $683.6B $688B
2021-04-30 02:00 AM Mar $691.2B $686.7B $ 702.8B
2021-05-29 02:00 AM Apr $691.2B
2021-06-30 02:00 AM May
2021-07-30 02:00 AM Jun $ 721.6B
2021-08-31 02:00 AM Jul


News Stream
Singapore Bank Lending Largest in 12 Months
Bank loans in Singapore rose to a 12-month high of SGD 691.2 billion in March of 2021 from SGD 686.7 billion in the previous month, as both consumer loans (263.7 vs SGD 262.0 billion in February) and lending to businesses (SGD 427.5 billion vs SGD 424.6 billion) increased. Within businesses, loans advanced for general commerce (SGD 66.9 billion vs SGD 64.3 billion), manufacturing (SGD 27.8 billion vs SGD 27.1 billion), transport, storage & communication (SGD 25.8 billion vs SGD 25.4 billion), and business services (SGD 11.5 billion vs SGD 11.2 billion). Meanwhile, loans declined for building and construction (SGD 151.7 billion vs SGD 152.2 billion), agriculture, mining & quarrying (SGD 1.9 billion vs SGD 2.2 billion), and financial institutions (SGD 101.1 billion vs SGD 102.1 billion).
2021-04-30
Singapore Bank Lending Largest in 10 Months
Bank loans in Singapore rose to a 10-month high of SGD 686.7 billion in February of 2021 from SGD 683.6 billion in the previous month, as both consumer loans (262.0 vs SGD 260.9 billion in January) and lending to businesses (SGD 424.6 billion vs SGD 422.7 billion) increased. Within businesses, loans rose for building and construction (SGD 152.2 billion vs SGD 150.4 billion), general commerce (SGD 64.3 billion vs SGD 63.3 billion), manufacturing (SGD 27.1 billion vs SGD 26.3 billion) and agriculture, mining & quarrying (SGD 2.2 billion vs SGD 2.1 billion). Meanwhile, loans decreased for financial institutions (SGD 102.1 billion vs SGD 103.8 billion), transport, storage & communication (SGD 25.4 billion vs SGD 25.6 billion), and business services (SGD 11.2 billion vs SGD 11.4 billion).
2021-03-31
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 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.