Singapore bank loans declined to SGD 792.5 billion in April 2023, down from SGD 796.9 billion in the previous month and below market forecasts of SGD 805.1 billion. It marked the smallest figure since August 2021, as lending decreased to both businesses (SGD 483.1 billion vs SGD 487.1 billion in March) and consumers (SGD 309.4 billion vs SGD 309.8 billion). Among businesses, loans fell the most for building & construction (SGD 168.9 billion vs SGD 169.4 billion) and general commerce (SGD 89.2 billion vs SGD 93.7 billion). Meanwhile on consumer lending, other loans reduced the most (SGD 66.2 billion vs SGD 66.8 billion). source: Monetary Authority of Singapore
Loans to Private Sector in Singapore averaged 259910.10 SGD Million from 1980 until 2023, reaching an all time high of 842813.10 SGD Million in August of 2022 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 June of 2023.
Loans to Private Sector in Singapore is expected to be 854148.00 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 853862.00 SGD Million in 2024 and 881186.00 SGD Million in 2025, according to our econometric models.