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.

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Singapore Loans to Private Sector



Calendar GMT Actual Previous Consensus TEForecast
2023-04-28 02:00 AM Mar S$796.9B S$803.8B S$ 800B
2023-05-31 02:00 AM Apr S$792.5B S$796.9B S$805.1B S$ 801.0B
2023-06-30 02:00 AM May S$792.5B


Related Last Previous Unit Reference
Interest Rate 3.72 3.72 percent Jun 2023
Money Supply M1 252203.40 252109.90 SGD Million Apr 2023
Money Supply M0 60532.10 60237.80 SGD Million Apr 2023
Money Supply M2 775818.50 770330.70 SGD Million Apr 2023
Money Supply M3 790284.50 784865.10 SGD Million Apr 2023
Banks Balance Sheet 3239228.00 3233000.20 SGD Million Apr 2023
Foreign Exchange Reserves 416302.20 416014.70 SGD Million Apr 2023
Loans to Private Sector 792469.30 796874.20 SGD Million Apr 2023
Central Bank Balance Sheet 672481.60 670979.50 SGD Million Apr 2023

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
792469.30 796874.20 842813.10 16439.80 1980 - 2023 SGD Million Monthly
Current Prices, NSA

News Stream
Singapore Bank Lending Smallest Since 2021
Singapore bank loans declined to SGD 792.5 billion in April 2023, down from SGD 796.9 billion in the previous month and compared to 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 dropped the most (SGD 66.2 billion vs SGD 66.8 billion).
2023-05-31
Singapore Bank Lending Smallest in 19 Months
Singapore bank loans decreased to SGD 796.9 billion in March 2023 from SGD 803.8 billion in the previous month. It was the smallest figure since August 2021, as lending declined to both businesses (SGD 487.1 billion vs SGD 492.8 billion in February) and consumers (SGD 309.8 billion vs SGD 310.9 billion). On loans to businesses, decreases were mainly seen from building & construction (SGD 169.4 billion vs SGD 170.9 billion), general commerce (SGD 93.7 billion vs SGD 94.7 billion) and financial & insurance activities (SGD 122.3 billion vs SGD 124.5 billion). Meanwhile, on consumer lending, other loans dropped the most (SGD 66.8 billion vs SGD 67.6 billion).
2023-04-28
Singapore Bank Lending Smallest in 17 Months
Singapore bank loans declined to SGD 803.8 billion in February 2023, the least since September 2021 and from SGD 807.1 billion in the previous month, as lending decreased to both businesses (SGD 492.8 billion vs SGD 495.7 billion in January) and consumers (SGD 310.9 billion vs SGD 311.5 billion). On loans to businesses, declines were mainly seen from manufacturing (SGD 22.4 billion vs SGD 23.9 billion), general commerce (SGD 94.7 billion vs SGD 96 billion) and financial services (SGD 124.5 billion vs SGD 125.5 billion). Meanwhile, on consumer loans, housing and bridging loans fell the most (SGD 222.2 billion vs SGD 222.8 billion).
2023-03-31